Between 2013 and 2021. Our spending on biologics more than doubled 100 billion to 260 billion. By 2024, it 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? Because for too long, government bureaucracy and regulatory barriers have protected monopolies and stifled competition. (03:57–04:03)
CLAIM
Asserts that certain biologics can cost patients up to $500,000 annually.
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