Obama: U.S. Drug Development, Costs At Odds

President Barack Obama says he's worried about rising prescription drug prices, but consumers need to take into account the United States' role in the development of new medications, he told WUSF in a one-on-one interview.

Lawmakers are pointing to prescription drugs costs as a main culprit in rising health care costs, from Florida to the U.S. Capitol, where new hearings on price gouging were announced last week. The President said part of the problem is that the U.S. doesn’t negotiate drug prices, even for programs like Medicare. And it’s also the world leader in developing new drugs.

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