Report: 27 Things The Feds Could Do To Cut Drug Prices

The National Academies of Sciences, Engineering and Medicine get very specific in their recommendations of actions they think the federal government should take to lower prescription drug costs.
What makes drug prices so high? Let us count the ways. Source: Brad Wilson

Drug prices are too high and we'd better do something about it. That's the nutshell conclusion of a 201-page report from the National Academies of Sciences, Engineering and Medicine.

"High and increasing costs of prescription drugs coupled with the broader trends in overall medical expenditures, which now equals 18 percent of the nation's gross domestic product, are unsustainable to society as a whole," says Norman Augustine, the former CEO of defense contractor Lockheed Martin and the chair of the committee that conducted the study released Thursday.

The sentiments were echoed Wednesday by President Trump's nominee to lead the Department of Health and Human Services.

"Drug prices are too high," said Alex Azar in a hearing before the Senate Health Education and Labor

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