“Competition should always drive costs down—never quality,” writes Pipes.
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America’s generic drug market is one of our greatest health policy successes. Today, 91% of all prescriptions in the U.S. are filled with generics. That dominance saves patients and taxpayers hundreds of billions of dollars every year—and it also drives innovation. Drugmakers know their monopoly on a new treatment will be temporary—typically only enjoying about 12-14 years of effective…
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News Source: www.forbes.com

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