"Mount Sinai CEO Dr. Kenneth Davis - 5 Ways To Lower Drug Prices"
High drug prices are one of the most pressing issues facing patients today, and the U.S. government must take action to help relieve the significant burden these prices present. The government needs to address The Affordable Care Act, patent law, Medicare formulary management, drug pricing as a fair trade issue, and the speed of generics. Americans spent over $333 billion on prescription pharmaceuticals in 2017. If the steps outlined above could reduce costs by even 10 percent, we would save over $33 billion annually, money that could be used in so many more productive ways to improve the health and well-being of our citizens. Let's work together to help reduce the cost of drugs to everyone's benefit.
— Kenneth L. Davis, MD, President, CEO, Mount Sinai Health System
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