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Prices, Markets and the Pharmaceutical Revolution
by John E. Calfee
John E. Calfee, using up-to-date data and sources, details today's "third revolution" in pharmaceuticals with a coherent explanation of the new marriage of biology with progress in clinical trials, managed care, the dynamic biotechnology industry, and even marketing and promotion.  Calfee navigates through complex issues - the advances in pharmaceutical research and in the dissemination of information, the benefits to consumers, the dangers of price controls and disincentives to research - and urges Congress to excercise care in crafting changes to Medicare benefits while preserving the bright prospects for pharmaceutical advances.
Details
Issue: Economics and Regulation
Publisher: American Enterprise Institute Press
Publish Date: 01 Feb 2021
Number of Pages: 96
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