UC expert discusses affordable prescriptions
Local 12 turned to economics expert for insights on direct-to-consumer drugs
President Trump recently announced his plan to lower prescription drug costs with his website called TrumpRx.
Local 12 turned to Erwin Erhardt, PhD, economics professor in UC’s Lindner College of Business for insights on direct-to-consumer medications.
"Drug prices have certainly been going up. Between roughly 2000 and 2020 they've gone up 91 percent," Erhardt said. "The forecast is a five percent rise annually up through 2030."
In another Local 12 report, Erhardt explained further that direct purchases are not actually available for a variety of medications people need yet.
"Short term, it sounds good," he told Local 12. "I don't know long term if it's going to hold or not."
Featured image at top of prescription drugs. Photo/iStock
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