Study: Drug Companies Profit From Donating To Charities, May Hike Prices

By Jessica Karins / September 23, 2022 at 2:51 PM
Drug company donations to charities that help Medicare patients afford their medications increase profits and likely drive up drug prices, a study of financial assistance found. “We found that donations by the leading manufacturer of drugs for each condition were often likely to be profitable, even if relatively few patients were induced to use the manufacturer’s drugs as a result,” the authors wrote. Patients benefit from financial assistance, but it also weakens manufacturers’ incentives to lower prices and financial assistance...

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