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The Trump administration aims to boost competition among hospitals and cut costs by letting consumers see how widely prices can vary for the same medical or surgical procedure. But health economists say patients typically have little choice in choosing their hospital. teekid/Getty Images hide caption

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U.S. Hospitals And Insurers Might Be Forced To Reveal The True Prices They Negotiate

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In Mexican border towns, big discount drugstores, as well as small pharmacies like this one in Tijuana, market their less expensive medicines to American tourists. Guillermo Arias/Bloomberg via Getty Images hide caption

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Guillermo Arias/Bloomberg via Getty Images

American Travelers Seek Cheaper Prescription Drugs In Mexico And Beyond

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Maryland's overturned law restricted the price of generic drugs, and had been hailed as a model for other states. It's one of a number of state initiatives designed to combat rapidly rising drug prices. Towfiqu Photography/Getty Images hide caption

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Gene Therapy Shows Promise For A Growing List Of Diseases

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Valeant Pharmaceuticals, based in Bridgewater Township, N.J., bought two specialty heart drugs used in emergency treatment from Marathon Pharmaceuticals in 2015, and then dramatically increased each drug's price. Ron Antonelli/Bloomberg via Getty Images hide caption

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Ron Antonelli/Bloomberg via Getty Images

Rep. Lloyd Doggett, D-Texas, is promoting a campaign to get the National Institutes of Health to exercise the patent rights it already owns in regards to certain drugs to bring down their price. Bill Clark/CQ-Roll Call, Inc. hide caption

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Bill Clark/CQ-Roll Call, Inc.

One Way To Force Down Drug Prices: Have The U.S. Exercise Its Patent Rights

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Medicare accounts for about 29 percent of all spending on prescription medicines in the U.S. each year. stevecoleimages/iStockphoto/Getty Images hide caption

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Medicare Should Leverage Buying Power To Pull Down Drug Prices, White House Says

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When your health insurer reclassifies a prescription drug you take from tier 1 to tier 2, it can sharply increase the portion of the drug's cost that you're expected to pay. Roberto Machado Noa/LightRocket via Getty Images hide caption

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Roberto Machado Noa/LightRocket via Getty Images

AIDS activists poured cat litter on an image of Turing Pharmaceuticals CEO Martin Shkreli during an October protest in New York. Craig Ruttle/AP hide caption

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Craig Ruttle/AP

Senate Questions 'Egregious' Price Hikes For Specialty Medicines

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A nurse in 1938 checks the amount of insulin in a needle. For many decades, the only insulin available to people with diabetes came from the pancreases of cattle or pigs. Insulin from animals is still available outside the U.S. — and cheaper than a recombinant DNA version. Bettmann/Corbis hide caption

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Bettmann/Corbis

Why Is Insulin So Expensive In The U.S.?

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