Generic drug industry that brought huge cost savings may be changing

 

Source: Carolyn Y. Johnson, Washington Post ( Paid Registration )

Most people think about the drug price problem in simple terms: new cancer drugs or other specialty medicines with eye-popping price tags. For years, huge savings have been wrung from producing generic versions of old drugs.

But over the past few years, drug shortages and a few extreme cases in which companies have raised old drug prices to an outrageous level have fueled concern that this spending cliff isn’t working as well as it should.

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