Tag Archive: Tomas J. Philipson

Sep 27

Associated Press cites “lack of regulation” as cause of increased prescription drug prices, even as overregulation is the primary cause of high drug prices

A case study in how the government-supporting media report business news through the lens of government. This weekend, dozens of prominent newspapers (including the Bozeman Daily Chronicle) reprinted an Associated Press (AP) story entitled “Side Effects: Lack of regulation, competition, research costs increase prescription drug costs in the U.S.” See the Minneapolis Star Tribune’s republication …

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