Source: Foundation for Economic Education
by Matthew Williams
“The pricing of prescription drugs is often the subject of debate. Many forget that pharmaceuticals and drug development form a market like any other, but circumstances and the human condition make it admittedly more complicated. Medicine is unique in that it grapples with human life amid unavoidable scarcity. Scarcity forces tough trade-offs and costs, and when lives of our loved ones hang in the balance, emotions can overwhelm rational judgment. Politicians eagerly exploit these situations.” (02/09/26)
https://fee.org/articles/pricing-information-and-risk-in-pharma/