11 Strategies to Tackle Rising Cost of Pharmaceuticals States and the Rising Cost of Pharmaceuticals

1. Increase drug price transparency
2. Create a public utility model to oversee drug prices
3. Bulk-purchase drugs that protect public health
4. Utilize consumer protection laws
5. Re-import affordable drugs from Canada
6. Change Medicaid to promote greater purchasing flexibility
7. States become pharmacy benefit managers
8. Pursue return on investment pricing strategies
9. Ensure state participation in Medicare Part D through employer group waiver plans
10. Protect consumers against misleading marketing
11. Use shareholder activism to hold pharmaceutical companies accountable