Say goodbye to skyrocketing drug prices, shortages. Utah’s Intermountain Healthcare starts its own company to combat pharmaceutical exploitation.

For years, Dan Liljenquist pondered a vexing question facing hospital systems around the country: How do we fix the drug market?

Current market conditions leave hospitals and their patients powerless when drug companies manipulate the system by jacking up prices or generating artificial shortages. Liljenquist, an Intermountain Healthcare executive and former Utah state senator, often saw these issues hit patients hard, and heard of similar problems in discussions on Utah’s Capitol Hill involving Medicaid.

So two years ago, he pitched a possible solution: What if Intermountain Healthcare and other hospital systems started their own drug company?

By Luke Ramseth

https://www.sltrib.com/news/health/2018/01/19/utahs-intermountain-healthcare-fights-skyrocketing-drug-prices-shortages-by-forming-its-own-company-project-rx/