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Pharmaceutical Industry

Here's why drugmakers are held in low esteem

Here's why drugmakers are held in low esteem

Are you befuddled by the cost of prescription drugs? There may be a legitimate reason. "It's certainly not an efficient market," Jason Doctor, an associate professor of pharmaceutical and health economics at USC, said about prescription drug prices. "If it was, you would see only one price for each drug at drugstores, and you don't." Worse, folks believe that prices for many drugs, both name-brand and generic, keep going up. According to a recent study by Consumer Reports, one-third of patients said the cost of their usual prescription rose $39 on average over the last year. One in 10 said they're now paying at least $100 more than they did a year...

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