Marion Lennberg: “Drug corporations like to tout innovation as a reason they oppose the new law, but the reality is that new drugs can’t help people if no one can afford them.'
In this July 10, 2018 file photo, bottles of prescription medicines ride on a conveyor belt at a pharmacy warehouse in Florence, N.J.It can be hard to remember, as we’re bombarded with partisan banter, half-truths and non-stop propaganda in election years, that most Americans actually agree on a fair number of basic things. Lowering the price of prescription drugs and making health care more affordable is among them.
Right now, I can afford these medicines on my retirement income, but prices increase so fast, they may outpace my resources in the future. The price of Eliquis, for instance, recentlythan the inflation rate along with many other drugs in Medicare Part D. The truth is that when it comes to setting and raising prices, drug corporations have had unilateral control while seniors and patients have no say.
Lee’s concerns about “price controls” are misguided. The fact is that for decades drug corporations have enjoyed monopoly control over prices – setting exorbitantly high launch prices likea year for a new ALS drug – and raising prices anytime they want. Allowing the drug corporations to stay in charge of prices rather than enabling Medicare to negotiate prices hurts patients and denies millions of people access to medicines they need.
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