A Prescription Drug Empire

Guest: Robin Feldman, Professor of Law, Director of the Institute for Innovation Law, University of California Hastings College of Law Prices for prescription drugs in America have jumped dramatically in the past decade, far outstripping price increases on other stuff we buy. If your insurance covers prescriptions, you might not have noticed.  If you are paying out of pocket, though, or have a serious illness like diabetes, the price hikes were likely devastating to your finances. Why are drug prices rising so quickly? And where is all that money going?