Friday, January 24, 2020

Potential Good News, Rx edition

From our friend Holly R:

BigPharma© has become quite the bugaboo of late, and of course the ever-increasing price of often life-saving meds has been an issue for quite some time. Nice to see one of the 800 pound insurance gorillas bringing its own guns to bear on the problem:

"Health insurers usually just pay for drugs that are made by drug companies, but now a group of 18 Blue Cross Blue Shield health insurers is helping to create a nonprofit drug company to make certain generic drugs itself, targeting medicines where there is a lack of competition and a need to bring down prices."

Of course, this is hardly an altruistic move (the carriers themselves acknowledge this), but at least there's some positive action being undertaken.

Kudos, BX!  
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