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30, 2001, the New York Times reports. According to the study, drug companies spent about $231 million to develop a new treatment in 1987, and if the cost had risen the same as the rate of inflation, the it would have increased to $318 million in 2000. According to Clay O'Dell, a spokesperson for the Generic Pharmaceutical Association, the "suspect" study also "ignores the fact that some of the drug development costs are tax deductible and that some of the research is subsidized by the government through NIH" (New York Times, 12/1).
**Source: Kaisernetwork.org is the premier online resource for timely and in-depth coverage of health policy news, debates and discussions...
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Common topics in this essay:
- Arguments against drug pricing controls
- Costs And Reliability
- Economics - Product Pricing & Costs
- oppertunity costs
- College Costs
- University Costs
- Causes Of Increased Food Costs
- Accounting Costs
- How Do Variable Costs And Fixed Costs Differ?
- Multitasking ? Switching Costs
- Tuition Costs
- Winning at all costs
- College Costs
- Opportunity Costs
- Switching Costs
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