News

Professor Kelli Frias was Interviewed by DC News Now

Written by Kogod School of Business | August 29, 2024

 

The article discussed the Biden administration's deal with drug companies to bring down various drug prices and what the deal means for consumers.

  • Price reductions for ten of Medicare's costliest drugs will go into effect in 2026. 
  • While waiting for these reductions to go into effect, many Americans turn to retailers like Amazon and Mark Cuban's Cost Plus Drug Company, which offer steep discounts on medication.
  • Buying medication in bulk is also an option to cut costs, but requires a discussion with a doctor. 

Professor Frias said of the option to purchase medication online: “Who is managing the overall care for that patient? I mean, if we start to think about a patient’s entire medical record, what does that mean for drug interactions, what does that mean for other possible predispositions, maybe pre-diabetes or other medical components? I think that conversation needs to happen with their medical provider." 

Read the article here.