News Headlines Article

Why are doctors and health clinics in the business of selling prescription drugs?
Los Angeles Times

Americans spent almost half a trillion dollars on prescription drugs last year, or nearly $1 out of every $6 spent on healthcare. And the total is rising fast, driven by an increased reliance on medications and a shift toward higher-priced drugs.

Federal taxpayers help pay for some of those drugs, and last week the Obama administration proposed a new approach aimed at encouraging the use of the most effective medicines, not the most expensive ones.  The proposal was quickly denounced by doctor groups and drugmakers, who argued that it could harm patients. But what it really targets is a bad business model that makes heatlhcare needlessly expensive.