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Article: Don't blame drug companies for Medicare costs
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- April 9, 2001
- Author:
CopyrightCopyright 2001 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Don't blame drug companies for Medicare costs
By GRACE-MARIE ARNETT
Monday, April 9, 2001
A funny thing happened recently at a Washington conference
investigating pharmaceutical prices: Key experts concluded that
prescription drug prices are not the problem politicians make them to
be.
The conference was sponsored by the Council on the Economic Impact
of Health System Change and featured top experts in health policy
invited to present papers on "The Economics of Prescription Drug
Pricing."
The lead speaker, Princeton professor of economics Uwe Reinhardt,
said that "while there is, of course, bellyaching over drug costs,"
his analysis shows they "just aren't that big of a deal."
In 1999, ...