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Prescription Drug Pricing: How Would Limited Government Intervention Change the Landscape?
Bringing down prescription drug prices has been a campaign promise by many presidents over the years. Making a deal with the pharmaceutical companies is not an easy task, as these companies operate just like any other, with a goal to maximize profit. Big Pharma companies produce drugs that save people’s lives, which comes with a price many who need it cannot afford, even with health insurance. Government deregulation could open the doors for other generic brands to enter the market and potentially drive down the costs of high-demand drugs. Smallcap companies in the sector would then be exposed to fair competition, rather than not standing a chance at all against pharmaceutical giants.