What the problems are with regulating that drug price

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There is a life-saving drug for Hepatitis C (Sovaldi). It can cost up to $84,000. There is one and only one provider of it. You are around the dinner table with your family this weekend and your family knows you have been taking Health Economics. Explain to your family what the issues are associated with why this drug costs so much, what the problems are with regulating that drug price, what would be lost and what would be gained if you did so, and what considerations are needed when examining this issue.

Reference no: EM13984115

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