Today drugs are a bargain. Our doctors have a great formulary of generic drugs available to treat the elderly, Insurance companies are promoting these generics. I agree that many drugs are expensive because of the cost to bring a new drug to market (500,000,000) These drug companies have only protection of patent law to recoup their investment usually 5 to 10 years although patent protects for 17 years. It take 5 to 10 years to bring a drug to market and many fail to make it. I am thankful for doctors and drugs which is a form of insurance for me.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.