Actually Quote by Marcia Angell

“Drug companies say they need to charge ever-higher prices to cover their research costs, but they spend far less on research and development than they do on marketing and administration, and afterwards they actually keep more in profits.” quote by Marcia Angell — Download Open image

“Drug companies say they need to charge ever-higher prices to cover their research costs, but they spend far less on research and development than they do on marketing and administration, and afterwards they actually keep more in profits.”

Marcia Angell

About This Quote

Pharmaceutical pricing is driven more by marketing and profit motives than actual research costs.

In simple terms: Drug prices are inflated for profit, not research.

Key Takeaway

Demand transparency and regulation in drug pricing.

Themes

economics healthcare ethics

Mood

critical concerned

Type

analysis philosophical

When to use this quote

patient advocacy
legislative hearings
healthcare budgeting

Key Concepts

pharma economics public policy

Questions to Reflect On

How can consumers influence drug pricing?
What alternatives exist to high-cost medicines?

A Different Perspective

Regulation may not fully curb profit-driven pricing.

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Actually Actually Profits Administration Afterwards Charge Companies Companies Say Company Cost Costs Cover Development Drug Drug companies Far Far less Higher Higher Prices Keep Less Management Marketing More Need Needs Prices Profit Profits Research Research and development Research Costs Say Spend Than

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