Yes, there are prescription drugs that cost tens of thousands of dollars, even a hundred thousand a year, but they are outliers treating somewhat rare, often genetic conditions and they are not your typical pill or capsule.
Should something be done to make such drugs more affordable? Yes. That may mean more government subsidies for research and development and establishment of a reasonable return on the manufacturers investment.
But such high prices are used in inflammatory rhetoric that overstates the problem of high drug costs for average Americans. Most of the rhetoric relates to retail prices which few people pay and with apps like GoodRx nobody should pay.
According to the Organisation for Economic Co-Operation and Development, Americans spend, on average, about $1,200 each year on prescription drugs. The most popular prescription drugs range in cost from $12.41- $97.57. However, there is a lack of price transparency regarding the cost of prescription drugs, making it difficult for consumers to know how much their medications will cost out of pocket.
The cost of insulin has skyrocketed, but even those prices vary widely with some generics available.