The Right Price

By Peter J. Neumann, Joshua T. Cohen, Daniel A. Ollendorf

Book cover of The Right Price: A Value-Based Prescription for Drug Costs

Book description

The US prescription drug business is a $500 billion industry whose rising prices carry profound consequences for patients, caregivers, employers and taxpayers across the nation. In the United States, average prices of leading brand-name drugs are two to four times higher than prices charged in other wealthy countries, raising questions…

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1 author picked The Right Price as one of their favorite books. Why do they recommend it?

Frank S. David

Author

A key issue about drug pricing not covered in Kolchinsky's book relates to value: even if a new therapy is affordable, is it "worth it"? Health economist Peter Neumann and his colleagues have written an authoritative, insightful, and extremely accessible history of efforts to align drugs' prices with their benefits to patients and society. This is a must-read guide for both insiders and non-experts to a topic that will be at the forefront of the drug pricing debate in the coming decade.

From Frank's list on prescription drug discovery and developed.