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Yes on Issue 2: Yale University Team Says Drug Companies’ R&D Excuse for High Drug Prices Is Baloney

Ohio Taxpayers for Lower Drug Prices
Posted on: 03 Oct 17

Drug companies routinely say their pills cost a lot because the R&D that goes into making them costs a bundle. Wrong, says a team of Yale University researchers. In a lengthy report, the researchers concluded:

"Evidence has unequivocally shown that high drug prices are not linked to the actual costs of research, development and manufacturing. Instead, inflated drug prices are a result of drug manufacturers’ power to charge whatever price the market will bear.” The researchers also concluded that a politically paralyzed Washington, D.C. is incapable of fixing the problem of high drug prices. A better bet, they said, is that pricing reforms will emerge at the state level. Sounds like a plan!

Source: Global Health Justice Partnership/Yale Law School report.

Background on Ohio Ballot Issue 2

The Yes on Issue 2 campaign is a broad-based, bi-partisan coalition. More than 200,000 Ohio voters signed petitions to put an amendment on the ballot in November that will lower drug prices for over 4 million Ohioans, including 164,000 children, save taxpayers $400 million annually, reduce healthcare costs for everyone and teach greedy drug companies and their CEOs a lesson.

You can learn more by visiting yesonissue2.com or following us on Facebook and Twitter.

Paid for by Ohio Taxpayers for Lower Drug Prices

View source version on businesswire.com: http://www.businesswire.com/news/home/20170929005791/en/

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Last updated on: 03/10/2017

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