New Brief Challenges JAMA Study on Drug Prices
Conexiant
May 8, 2024
A new analysis critiques a JAMA study on drug prices cited by Senator Bernie Sanders for its methodological flaws.
The JAMA study estimated diabetes medications could be produced for $5 a month, which the PRI brief disputes.
The PRI brief highlights the JAMA study's failure to define 'excessive profits,' undermining drug development cost recoupment.
The critique emphasizes systemic drug pricing issues, including the role of pharmacy benefit managers and inflated list prices.
The pharmaceutical industry invested $101 billion in research and development in 2022, contrasting with JAMA's cost estimates.
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