Patents, Legal Monopolies, and the High Prices for Drugs

Patents, Legal Monopolies, and the High Prices for Drugs
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Mises Institute
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Commentary

Currently, 63 percent of American adults are on prescription drugs, according to a 2021 survey. Of this 63 percent of Americans, 26 percent say they have difficulty affording their prescriptions. Despite the prices of prescription drugs falling in recent years, an increasing number of Americans are concerned about high drug costs and demanding action be taken, 88 percent saying they want it to be easier for generic drugs to enter the market. The same percentage demand price controls to limit the maximum cost of drugs.

Benjamin Williams is a libertarian content creator and researcher. He make videos on various platforms like TikTok and YouTube to reach younger generations and spread Austro-libertarian principles, and has racked up over 30 million views across platforms.
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