The cost of drugs in America have been increasing despite criticism from the population and public officials. The price for name brand drugs have raised 12% and pharmaceutical companies continue to increase the prices multiple times a year (Thomas, 2016). Pharmaceutical companies have profited on the price increases while insurers and employers pay more. The burden of the high drug prices is often seen first-hand by uninsured patients who pay the list price of the drug. What justifies the high price for drugs? Most pharmaceutical companies have claimed that it is due to research and development. Based on financial statements from many pharmaceutical companies, most of the money spent is attributed to marketing. Data also shows that prices are
