Bringing Down the Cost of Care Through Competition

In a new op-ed, Dr. Tom Coburn points out that while the average out-of-pocket costs for patient are falling, an increasing number of patients with high deductible plans or plans with multiple tiers for medications are seeing higher out-of-pocket costs. The solution is not to institute price controls. Instead, Dr. Coburn recommends incentivizing the development and faster approval of new treatments to create competition in the marketplace. Read more here.