Good Law | Bad Law #146 - The Cost of Drug Prices: A Conversation w/ Robert Field
Aaron Freiwald, Managing Partner of Freiwald Law and host of the weekly podcast, Good Law | Bad Law, is joined by Robert Field, a professor of health management and policy at the Dornsife School of Public Health as well as a law professor at Drexel University, to discuss drug pricing and drug pricing transparency.
Approximately 20 to 30 million people don’t have health insurance. Robert and Aaron sit down to talk about the complex system of bargaining that happens in our health care system, the staggering prices that drug companies charge for certain treatments, and the middle men who haggle co-pays to a “reasonable” amount compared to the original sticker-shock prices. Dr. Field explains how these companies control monopolies over assorted life-saving drugs because they’re under patents. Are there limits to how much drug companies can charge? What is the reach of authority over drug pricing?
Aaron and Robert delve into the world of health care and tackle a variety of topics. They consider the importance of “meaningful transparency,” as well as Trump’s recent failed initiative to shame drug manufacturers by mandating list prices be put on all TV drug ads. Listen in as Robert and Aaron talk about hospital stays, the evolution of our health care system, and much more. What are some ideas on how to address the problem of high drug prices? Is our current system efficient? How does our health care system compare to others around the world? Let us know what you think and listen now!
To learn more about Dr. Robert Field, check out his website here.
Host: Aaron Freiwald
Guest: Robert Field