Book

Drugs, money, and secret handshakes (2019)

the unstoppable growth of prescription drug prices

Checking availability at your location

Abstract

In the warped world of prescription drug pricing, generic drugs can cost more than branded ones, old drugs can be relaunched at astronomical prices, and low-cost options are shut out of the market. In Drugs, Money and Secret Handshakes, Robin Feldman shines a light into the dark corners of the pharmaceutical industry to expose a web of shadowy deals in which higher-priced drugs receive favorable treatment and patients are channeled toward the most expensive medicines. At the center of this web are the highly secretive middle players who establish coverage levels for patients and negotiate with drug companies. By offering lucrative payments to these middle players (as well as to doctors and hospitals), drug companies ensure that inexpensive drugs never gain traction. This system of perverse incentives has delivered the kind of exorbitant drug prices - and profits - that everyone loves except for those who pay the bills.

Keywords

Pharmaceutical industry, Drugs, Pharmaceutical policy, Economic aspects, Cost effectiveness

Languages

English

Publisher

Cambridge University Press

ISBN

9781108687676, 9781108482455

Pages

xiv, 186

DOI

10.1017/9781108687676

Export