The ethics and economics of pharmaceutical pricing.

Abstract:

:The cost of drugs is a major and rapidly rising component of health-care expenditures. We survey recent literature on the ethics and economics of skyrocketing pharmaceutical prices and find that advances in economic research have increased the sharpness and focus of the ethically based calls to increase access by modifying patent protection and reducing prices. In some cases, research supports ethical arguments for broader access. Other research suggests that efforts to broaden access result in unintended consequences for innovation and the medical needs of patients. Both ethicists and economists need to be more cognizant of the real clinical settings in which physicians practice medicine with real patients. Greater cross-disciplinary interaction among economists, ethicists, and physicians can help reduce the disjunction between innovation and access and improve access and patient care. This dialogue will impact private industry and may spur new multistakeholder paradigms for drug discovery, development, and pricing.

authors

Parker-Lue S,Santoro M,Koski G

doi

10.1146/annurev-pharmtox-010814-124649

subject

Has Abstract

pub_date

2015-01-01 00:00:00

pages

191-206

eissn

0362-1642

issn

1545-4304

journal_volume

55

pub_type

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