Bigger Than the Social Security Crisis: Wasteful Spending on Prescription Drugs
Publication Date: April 2005
Publisher(s): Center for Economic and Policy Research
Author(s): Dean Baker
Keywords: Prescription drugs; Patent monopolies; Health care
Coverage: United States
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.