Healthcare: It's Complicated; Especially When It Comes To Drug Prices
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 1 March 2017
⏱️ 24 minutes
🧾️ Download transcript
Summary
How drugs are priced the way that they are, and how to determine if drug prices are fair. Also, what makes dollar cost averaging such a powerful investing strategy.
Transcript
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| 0:00.0 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
| 0:07.0 | I'm your health care show host Christine Harjus and it's March 1st. |
| 0:11.0 | I'm in Alexandria, Virginia at Fool HQ, and I have health care |
| 0:14.2 | contributor Todd Campbell on the line. Todd, welcome to another week of |
| 0:17.9 | industry focus. |
| 0:18.9 | Hi Christine, it's pleasure to be here. How are you today? |
| 0:22.2 | Doing great. I am excited for today's episode. |
| 0:25.0 | We want to tackle a pretty important question, which is, |
| 0:29.0 | why are prescription drugs so darn expensive? |
| 0:32.0 | And we will attempt to answer that on this show and then after |
| 0:35.9 | that we want to give you some specific actionable advice that we think can |
| 0:39.6 | improve all of our listeners investing immediately. |
| 0:43.0 | So it should be a good one. |
| 0:44.0 | Let's dive in. |
| 0:46.0 | So we'll start with the drug question. |
| 0:48.0 | Why are drugs priced the way they are? |
| 0:50.0 | If you have been reading the news lately, |
| 0:52.0 | you've seen headlines about price gouging and health care reform, |
| 0:57.0 | this is a hot button issue, and it affects the vast majority of our wallets directly. |
| 1:02.0 | And there's a lot of political attention being given to it as well. |
| 1:05.0 | We've had some listeners write in expressing concern about drug pricing and asking us questions. |
| 1:10.0 | So we figured we would try to boil it down and have a conversation about what exactly goes into a drug price. |
... |
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