High Quote by Scott Gottlieb
“One of the biggest factors fueling the angst over drug prices in the U.S. is that some older medicines that should be sold cheaply as generics are still priced very high, often owing to a dwindling number of generic competitors and the rising cost of producing these drugs.”
About This Quote
Source Speech: Health Policy Forum, Washington D.C., 2022
High drug prices persist because lack of competition and costly production keep generics expensive, despite the need for affordable medicines.
In simple terms: Few generic competitors keep drug prices high.
Key Takeaway
Promote competition and lower production costs for generics.
Themes
economics
healthcare
policy
Mood
analytical
concerned
Type
policy
economic
When to use this quote
- pharmaceutical regulation
- insurance negotiation
- patient advocacy
Key Concepts
Market dynamics
drug pricing
generic competition
Questions to Reflect On
- How can policy incentivize more generic manufacturers?
- What role do patients play in demanding lower prices?
A Different Perspective
Political resistance from pharma lobbyists may impede reforms.
