May 12, 2021
Fortune recently published an opinion piece co-authored by Rena Conti, Associate Professor in the Department of Markets, Public Policy and Law. Rena tackled the topic of the high costs of cancer-treating drugs as well as legislation scheduled to be debated in Congress soon – the Lower Drug Costs Now Act, which would give Medicare the power to negotiate for lower drug prices.
The article covers the drug industry’s differing views on the Lower Drug Costs Now Act and breaks down the counterarguments that claim the passage of this bill will in fact increase the availability of innovative drugs that offer significant health benefits.