Origin of Everything: Why Are Prescription Drugs So Expensive?
The video "Origin of Everything: Why Are Prescription Drugs So Expensive?" explores the high cost of prescription medications in the United States. A part of the "Origin of Everything" series, the video delves into the history of drug regulation and the current pharmaceutical pricing landscape, emphasizing the difference compared to nations like Canada and Australia. Key concepts include the Drug Price Competition and Patent Term Restoration Act (Hatch-Waxman Act), and the role of pharmacy benefit managers (PBMs) in drug pricing. The video highlights how less stringent government policies and complex drug pricing negotiations contribute to the high costs, impacting uninsured individuals. It offers potential solutions such as increased price transparency and adopting a single-purchaser system, underscoring the necessity of understanding economic factors driving drug costs, which is crucial for informed decision-making and policy changes.
Media Details
Runtime: 10 minutes 21 seconds
- Topic: Business, Health and Safety, Social Science
- Subtopic: Consumer Education, Economics, Government, Health Care
- Grade/Interest Level: 9 - 12
- Release Year: 2017
- Producer/Distributor: PBS Digital Studios
- Series: Origin of Everything
- Report a Problem
Related Media
Origin of Everything: The True Origin of Killer Clowns
Origin of Everything: How Did Makeup, WWII & Communism Create U.S. Healthcare?
Origin of Everything: Why Are 18 Year Olds Considered Adults?
Origin of Everything: Where Does the # Hashtag Symbol Come From?
Origin of Everything: How Columbus Invented Cannibals
Origin of Everything: How WWII Created Godzilla & Mecha Robots
Origin of Everything: Why Is There a North and South Korea?
Origin of Everything: Is Poisoned Halloween Candy a Myth?
Origin of Everything: Why Do We Get Grades in School?
Origin of Everything: How Your Rubber Ducky Explains Colonialism