U.S. drug shortages have reached record levels with 323 medicines in short supply, prompting calls for action from Congress and federal agencies. Issues include low prices for generics and other factors driving shortages.
Key Points
Record high of 323 medicines in short supply
Issues linked to low prices for generics
Calls for action from Congress and federal agencies
Multiple factors contributing to drug shortages
Pros
Increased awareness can lead to potential solutions for the broken market around critical generic drugs.
Calls for action from Congress and federal agencies may result in policy changes to address drug shortages.
Cons
Critical medicines being in short supply can have detrimental effects on patient care and public health.
Competition based solely on price may lead to compromises in drug quality and availability.