To fix drug costs, stop Big Pharma price-gouging and tax-dodging
Written by Hannah Hendrix, AMSA National President, published in the Ohio Capital Journal, May 27, 2021
I’m studying at The Ohio State University to become a doctor because I want to help people. Unfortunately, far too many Americans today are confronting skyrocketing prescription drug costs that prevent them from following their doctor’s advice because they can’t afford treatments they need.
Drug prices are rising faster than the price of any other good or service, forcing nearly one-third of Ohioans to ration medicine in order to avoid choosing between their prescriptions and other basic expenses like food or rent.
Why are drug prices continuing to spiral out of control? The simple answer is because lawmakers are letting pharmaceutical companies set and keep prices as high as they want. Monopoly power to price gouge has made Big Pharma one of the most profitable industry in America even as ordinary people can barely afford their prescriptions. READ MORE…