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Here’s how pharmacies set drug prices, and what consumers can do to save money

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Americans are having a tough time paying for medications despite bipartisan efforts to drive down prescription drug prices.

Nearly 1 in 4 Americans say it’s difficult to afford their medications, according to a March 2019 poll by the Kaiser Family Foundation. This comes as pharmacies raked in a record $465 billion from prescriptions.

Lawmakers from both parties support lowering drug prices, but they haven’t had much success regulating the industry. In September 2019, U.S. Rep. Frank Pallone, D-N.J., introduced the Elijah E. Cummings Lower Drug Costs Now Act. The House passed the bill in December 2019, but it died in the Senate.

Former President Donald Trump also made a late-term bid in…



Source cnbc.com

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