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Do expensive drugs reduce the price of health?

23:35 EST 14 Feb 2018 | Healthcare Economist

The answer is ‘yes’ according to a report by the Council of Economic Advisors (CEA) titled Reforming Biopharmaceutical Pricing at Home and Abroad. Innovations such as new drugs often reduce the price of health even when the new drug is very expensive relative to other goods. Consider the example of a patient diagnosed with HIV […]

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