Question
A wide range of approaches have been suggested for lowering drug costs, including allowed Medicare to negotiate drug prices (currently forbidden), allowing re-importation of drugs
A wide range of approaches have been suggested for lowering drug costs, including allowed Medicare to negotiate drug prices (currently forbidden), allowing re-importation of drugs from other countries into the US, tying drug prices to drug effectiveness, disallowing rebates from pharmaceutical manufacturers to pharmacy benefit managers, incentivizing generic drug use, and more. Multiple interventions, including some of those just listed, have been suggested by the current administration. Most are opposed by the pharmaceutical industry, and implementation has been delayed until recently, when 4 executive orders were signed by the President, although it is not clear what their impact will be on pharmaceutical pricing. Please describe one approach to control drug costs, justifying the position using economic principles, and discussing the pros and cons of doing so. The length of the submission depends to a large extent on the amount of material found, and either illustrate in graphs, tables, or other supplemental material.Please use graphs or tables to illustrate the position. Please use paragraph formatting and credible resources.
there is no additional information. The data is something that must be used to support findings.
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