American Hospital Association September 16, 2021
A new report from the Community Oncology Alliance (COA) once again tries to obfuscate the issue of sky-rocketing drug prices by choosing to blame hospitals rather than the drug companies who set the prices and enjoy double-digit profits at the expense of patients and the providers who serve them.
One reason why drug prices can grow so much faster than other health sectors is that drug companies routinely suppress competition and are therefore able to set the prices of their drugs at any price they wish. In any other health care sector, prices and reimbursement are either competitively negotiated between different sectors or regulated by the government.
The COA report narrowly focuses on a small sample size of...
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