Cutting Costs on Prescription Medications

This blog post explores the complex issue of rising prescription drug prices and provides strategies for consumers and healthcare professionals to navigate this challenging landscape. It examines the factors driving high costs, including patent exclusivity, launch pricing, and ineffective competition. The blog then outlines a multifaceted approach to lowering costs, focusing on empowering consumers, addressing the role of pharmacy benefit managers, enhancing government oversight, promoting innovation in drug distribution, and rethinking insurance design.