The public's anger over high pharmaceutical prices won't go anywhere in 2018 — if anything, in a campaign year, it might burn even hotter. But don't expect that to lead to lower prices. Bob combed through a couple of reports from investment bank Leerink Partners, which found:
- "The pricing environment — while tempered — will be more stable in 2018 for branded pharma."
- "Premium pricing for orphan drugs appears sustainable for now."
Translation: There won't be any tangible changes to drug pricing because the pharma industry still doesn't have an incentive to do so, and because finger-pointing around the issue delays any form of political action.
Go deeper: Bob reported earlier this year that executives at drug giant AbbVie told Wall Street analysts the "intensity of the drug pricing debates and political risks is waning," and they might pursue multiple large price hikes next year.