State efforts to tame drug prices gain traction
by jerry on February 13, 2021
Over the last several years, people have been noticing and becoming vocal about the rapid rise of many drugs. Kaiser Health News reported on various state lawmakers introducing measures to reduce prices (or at least price increases). One state, for example, wants to index prices to those charged in Canada.
In the short-term, pharmaceutical companies can fight back through lobbying efforts or threatening to make their products unavailable in certain markets. If the drug prices continue to go unchecked, it seems likely that society will find some sort of solution, either through legislation or through regulation (e.g. allowing importation from Canada).