The Drug Pricing System That Could Use Disrupting
/
We all want a healthcare system that is more productive and efficient in finding innovative solutions to illnesses and diseases of aging. That is why it is important to look at the factors that need disruption in our journey to creating an inclusive and sustainable healthcare system.
In the US, there is a new trend of big companies like Amazon, Berkshire Hathaway, JP Morgan, to name a few, looking to start their own healthcare solutions to bring costs down. Disruption of the healthcare system looms and is driven by inefficiencies. For example, have you heard of spread pricing for drugs? If not, we invite you to take a look at the eye-opening Bloomberg article titled “The Secret Drug Pricing System Middlemen Use to Rake in Millions“ to understand one reason why some drugs are so expensive.
“Drug plans have fought to keep the spreads secret.”