Did you happen to find if the same drug is available as a generic?
I use a daily medication. Every time I got to get t he script filled I get asked if I want the brand name or the generic. There is a two or three times price difference, why would I ever get the brand name?
Yeah. This is regulatory arbitrage. It costs a lot to get certified to produce a medication (which is necessary, or else some company will cut corners and produce a contaminated drug). For drugs with small patient populations, it doesn't make sense to pay for that certification and then sell it cheaply. So the drug ends up being made by only a few manufacturers and the price stays high even though it's a generic. I don't know what a better solution is.
I’d buy that argument if their balance sheet didn’t show the vast majority of their budget going to advertising and if companies like CostPlusDrugs weren’t able to do it for pennies.
I use a daily medication. Every time I got to get t he script filled I get asked if I want the brand name or the generic. There is a two or three times price difference, why would I ever get the brand name?