With the annual bill clocking in at over $18 billion, the cost of prescription drugs in Illinois has become a significant problem. In 2022, 59,000 seniors in this state pad more than $2,000 a year on their prescription drugs. In only four states do residents spend more on drugs than the Land of Lincoln. This affordability crisis is becoming untenable.
I examined this issue while serving in Congress, and I found that the health care industry faces a monopoly problem, not a market problem. Frankly, the major pharmaceutical companies have become too big, and have their hands in too many cookie jars.
