Most Americans say Drug Costs are Unreasonable and They Blame Pharma
June 18, 2015
The Wall Street Journal's Pharmalot Blog (Silverman) reported that "Seventy-three percent of Americans think that the cost of prescription drugs is unreasonable and, of those, 76% blame drug makers for setting prices too high, according to a poll by the Kaiser Family Foundation. Moreover, 77% percent of those surveyed cited pharmaceutical industry profits as the biggest contributing factor to pricing and 53% percent say more pricing regulation is needed. ... For its part, the pharmaceutical industry took umbrage with the survey. Robert Zirkelbach, a spokesman for the Pharmaceutical Research & Manufacturers of America, argues that Kaiser failed to take into account the cost to develop medicines and that "only 12%" of the compounds that enter a clinical trial find their way to the pharmacy. "