2018_Fa Makayla, Adam & Ben: Healthcare that Cares

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Colgate University Public Economics Course

Education


In this podcast Makayla, Ben, and Adam discuss drug pricing in the pharmaceutical industry. In recent years, there has been a sharp increase in the cost of pharmaceutical drugs. This has not only become a problem for patients, but for prescribers, payers, and policy makers. The pharmaceutical industry is a unique industry because the end user is not normally the one that pays for the prescription drug. Drug pricing in the US is not transparent. With the help of Mike Cropp, President and CEO of Independent Health, and John Rodgers, COO of Independent Health, Makayla, Ben, and Adam explore the reasons why the drug market is skewed, the difficulties of pricing drugs, and potential strategies to counter high prices.