The rising prices of prescription drugs are threatening the health and economic security of families across the country. And, despite recent volatility, prescription drug prices and spending—including out-of-pocket costs for patients—are projected to rise significantly over the next several years. Further, total government share of all U.S. retail prescription drug spending is expected to be near 50 percent by 2026. In recent years, drug manufacturers have launched new drugs at historically high prices and increased prices even on decades-old drugs, contributing to this unsustainable growth.
As debate continues in Congress over how to address this crisis, Waxman Strategies has issued a series of 101 primers on some of the key topics being discussed. They are designed to be an educational tool for those new to the topic both inside and outside the beltway.