Biologics make up only 5% of our prescription, but they account for more than half of our drug spending. Between 2013 and 2021. Our spending on biologics more than doubled 100 billion to 260 billion. By 2024, it [spending on biologics] reached 407 billion. Some biologics cost patients up to a half million dollars a year or even more. That's not a health care system. It's a hostage crisis. Why are these drugs so expensive? (03:53–03:57)
CLAIM
Asserts a projected increase in spending on biologics by 2024.
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