Originally published in 2001 in the journal Regulation, this article was distributed by Dr. Morreim at the 2nd Annual Policy Orientation.
Health Care
Rigging Drug Prices
Americans are deeply concerned about the cost of prescription drugs—and for good reason. Over the last decade, drug prices have outpaced inflation, and Americans are paying more than two and a half times what other wealthy nations pay for the same drugs. Most people believe high prices are simply the result of expensive research and development, which may hold for some...
May 1, 2026