Research to analyze price controls on medication
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Many governments control medicine costs in order to protect consumers from these situations and so that public spending does not soar. It is sometimes a necessary evil, but in many occasions there are alternative tools that can be used instead of direct price controls on medicines; these instruments increase the efficiency of the pharmaceuticals market and lower the prices of the products. This is one of the main conclusions of research carried out by economists from Universidad Carlos III de Madrid (UC3M) that analyzes the intervention of the price of medications in Spain. |
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