Risky Business: Should the FDA Pay Attention to Pharmaceutical Prices?
11 Pages Posted: 18 May 2017 Last revised: 14 Jun 2017
Date Written: May 18, 2017
People are angry about drug prices. What role, if any, should the FDA play in addressing this issue? Historically, the FDA’s answer has been “not our problem.” As the quality and safety agency, the FDA has repeatedly refused to get involved in drug pricing matters, even when its actions (and inactions) have contributed to the problem. We examine the circumstances under which the FDA should pay attention to pharmaceutical prices, and discuss the implications of it doing so.
Keywords: FDA, drug pricing, drug quality, drug safety, generic drugs
JEL Classification: D73, K23, I18
Suggested Citation: Suggested Citation