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Home Pharmaceutical

The drug pricing bill, an inevitable solution, will have unintended results

admin by admin
August 8, 2022
in Pharmaceutical



There’s really no ignoring the inexorable math that led the Senate to approve a plan that will give Medicare unprecedented power to set the prices of some drugs.

By the 1990s, a course of a breakthrough cancer drug like Taxol might already cost about $10,000 in inflation-adjusted dollars. By the early 2000s, Gleevec, one of the most potent cancer medicines ever, would be about $30,000. By 2006, to prevent public outcry, Genentech capped the cost of Avastin, its lung cancer medicine, at about $75,000 in today’s dollars. These days, a medication like Keytruda can cost $150,000 per course.

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