Why Is Prescription Medication Is So Expensive

I hear every day about how expensive prescriptions are and I know it firsthand. In order to get my head around it, I look at the bigger picture to understand the cost justification. First, we have to remember that Pharmaceutical companies are not charities. They are like any other company providing a service, a very critical one. That knowledge will not make the price sting less but you’ll understand why.

There is a difference between expensive and gouging. The CEO last year took a drug that had already been on the market and raised the price by 1000%. That’s gouging.

Photo by Pietro Jeng on Pexels.com

What It Takes To Bring Product to market

It can take 20 years to develop a drug, sometimes more. That cost money. Once the formula is agreed on they have to do three clinical trials before submitting it to the FDA. These steps can…

View original post 320 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s