Bitter Pill: How Aggressive Price Controls Could Leave Pharma Jobless and Patients Empty-Handed
<p>The soaring cost of prescription drugs has ignited public pressure for action. Governments are considering aggressive price controls as a solution, promising relief at the pharmacy counter. But behind the headlines lies a potential storm: <strong>mass layoffs in the pharma industry.</strong></p>
<p><strong>The domino effect:</strong></p>
<p><strong>1. Squeezing profits:</strong> Imagine price ceilings imposed on essential drugs. Profits dwindle, forcing companies to prioritize. Research and development (R&D) — an innovation engine — is often the first casualty.</p>
<p><strong>2. Innovation on hold:</strong> With R&D budgets slashed, the pipeline of new drugs shrinks. Imagine a future with fewer breakthroughs for chronic diseases, Alzheimer’s, or cancer. The human cost of stagnant innovation is immeasurable.</p>
<p><a href="https://richardameyer.medium.com/bitter-pill-how-aggressive-price-controls-could-leave-pharma-jobless-and-patients-empty-handed-a4e94a3dbec1"><strong>Read More</strong></a></p>