Why the Prescription Drug Market Doesn’t Work for Patients

Why the Prescription Drug Market Doesn’t Work for Patients
The cost of many medications is manipulated by regulations that allow drug companies to keep prices artificially high. File/Benjamin Chasteen/Epoch Times
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What does it take to get vital medical care in America? For Laura Matson, a Type-1 diabetic, it took upending her whole life. To pay for her insulin treatments, she had to sell her car and furniture, relocate, and even give away her dog Nicky, as the BBC reported. And she isn’t alone. Many Americans struggle to make ends meet as their health care costs rise.

These rising costs are strange, in a sense. The prices of other consumer goods—nutritious food, digital devices, clothing, etc.—generally fall as technology advances and production becomes more efficient. Why is health care such an exception to this rule?