Megan McArdle, Columnist

Why Hospitals Aren't in the Drug Business

They want to address shortages and high prices. But existing manufacturers are likely to do so faster and more cheaply.

Just add pills. How hard can it be?

Photographer: Sara Hylton/Bloomberg

Fed up with high drug prices? Why not make your own?

Well, okay, for most of us that’s not very practical. But hospitals have decided that’s just what they’re going to do: get into the business of manufacturing generic drugs.