How to Get Lower Drug Prices
By David Henderson
Why are pharmaceutical prices so high while the prices of so many other items we buy are low and even falling? The difference is competition. Drug companies typically have a monopoly on the drugs they sell, and monopolists charge high prices. So to get lower drug prices, we need more competition.
This is the opening paragraph of David R. Henderson and Charles L. Hooper, “Want cheaper drugs? Increase competition.” Washington Post, December 9, 2016.
Read the whole thing.
I’m particularly proud of this piece because it’s the first time I’ve cracked the Washington Post other than with letters to the editor.
It was a pleasure working with editor Robert Gebelhoff.