Health Section: Pharmaceutical Patents and Abuses

<p>As part of the ongoing pharmacy series, Jackie Lee talks with Tony Pistilli, FSA at Santa Barbara Actuaries, as he breaks down his article series on pharmaceutical patents and abuses. With pharmaceutical costs continuing to accelerate the growth of overall healthcare cost, pharmaceutical patents have come under increased scrutiny by a wide range of stakeholders, including Congress. He explains how the patent system works, the effects of historical reforms, potential modern-day abuses of the system and the path forward, and how actuaries can help.</p>