Oil and Generic Drugs: Finding a Balance Between Market Forces and Regulation

The Saudi Arabian oil minister has announced that his country will continue to pump the black gold despite a global glut and cratering prices. Generic drug prices, in what some have described as a market failure, continue to escalate, much to the dismay of patients, payers, politicians, and pundits. Hospitals and insurance companies continue to consolidate and merge and the results have been escalating prices with little innovation. Do you see the pattern? – See more at: http://www.hcplive.com/physicians-money-digest/contributor/arlen-meyers-md-mba/2016/02/oil-and-generic-drugs-finding-a-balance-between-market-forces-and-regulation#sthash.MSH8oaWk.dpuf