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Prices are rising everywhere, and the medical world is no exception. Drugs launched last year were priced 25% higher than in 2022. In 2020, one of Biden's go-to pitches was that he would lower prescription drug prices, and it's still a talking point he touches on from time to time. So what happened?
Dr. Robin Armstrong told KTRH it does depend on where you get the medication. He says, "If you're getting these medications in the hospital, there's an upcharge. If you're getting them on an outpatient basis, they're more expensive."
Armstrong also said that government involvement in the pharmaceutical industry is also partially to blame. He says the best way to bring prices down is a true free market, and when you have the public-private entity like the pharmaceutical industry, you wind up with artificially inflated prices.
He also noted that any politician claiming to fix the high drug prices is likely just playing political games.