It can be easy to save money on medicine. Experts say following doctors’ orders can save more than lives; it can save a health care system spiraling out of control.
“One of the key factors in rising health care costs is the failure of patients to take their medicines properly,” says Matt Hartwig, President of the Missouri Pharmacy Association. “Not following a prescribed regimen means it takes longer to get well-which has economic as well as physical costs. But more problematically, it can lead to long-term health problems that require more medicines and expensive treatments.”
Magic bullet solutions to controlling drug costs, such as importation, are counterproductive, many say, because they ruin the incentive of drug companies to innovate new lifesaving medicines by draining their research and development budgets.
“Many people don’t realize that drug companies, not the government, bear the majority of the costs and risks of developing new medicines,” says Christopher Viehbacher of pharmaceutical company GlaxoSmithKline. “The vast majority of new medicines are discovered and developed by the...
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