Will Price Controls Secretly Harm Health Advances

Balancing Cost and Innovation

While the goal of price controls is to make healthcare more affordable, it's crucial to balance this with the need for ongoing innovation. One potential solution is the implementation of value-based pricing, where the price of a drug is linked to the health outcomes it delivers. This approach encourages pharmaceutical companies to focus on developing highly effective treatments, ensuring that patients receive the best possible care while maintaining the financial viability of new drug development.