Birdwatch Note Rating
2022-11-18 06:15:49 UTC - HELPFUL
Rated by Participant: 1B14FA5B298EF5B5A2B0391BCB153D78440794A8F468C59F64BF34CA878B8C8D
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Original Note:
Commonly cited factors for high drug prices are: No single-payer negotiation, Lack of government regulation, Drug patents and exclusivity, Lack of comparative research across drugs. https://www.goodrx.com/healthcare-access/drug-cost-and-savings/why-are-prescription-drugs-more-expensive-in-the-us-than-in-other-countries Class action suits have been used to address manufacturer collusion to keep prices high. https://nastlaw.com/generic-drug-price-fixing-lawsuit/
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