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Bigger Than the Social Security Crisis: Wasteful Spending on Prescription Drugs

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Publication Date: April 2005

Publisher(s): Center for Economic and Policy Research

Author(s): Dean Baker

Topic: Health (Health care financing)

Keywords: Prescription drugs; Patent monopolies; Health care

Type: Report

Coverage: United States

Abstract:

This paper shows that the projected funding gap for Social Security is relatively minor when compared to the rise in other federal budget expenditures. It recommends that policymakers instead focus on the soaring costs of prescription medicine.