Wisconsin State Capitol

As prescription drug prices have spiked in recent years, policy makers at the state level are looking for new ways to combat this issue.

“Advances in developments in drug treatments bring the potential for improved treatment and improved cures to serious diseases; however, the rising costs of these drugs raises questions of access and sustainability,” said Sam Austin, director of the Evidence Based Health Policy Project.

He spoke Thursday at a panel discussion in the Capitol, where moderator Rep. Debra Kolste and a group of expert panelists helped shed some light on this complex subject.

“In 1960, the U.S. spent about 5 percent of its money on health care, which is about $150 per person,” said Kevin Look, an assistant professor in the UW School of Pharmacy. “Today, that number is closer to 18 percent, or about $11,000 per person.”

See more at WisBusiness.com

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