Drug prices refer to the amount of money that consumers pay for medications. These prices can vary widely based on factors such as the type of drug, the manufacturer, and the pharmacy. Insurance coverage also plays a significant role, as some plans may cover a portion of the cost, while others may not. In many countries, drug prices are influenced by government regulations and market competition. In the United States, for example, there is no universal price control, leading to higher costs for some medications. Conversely, in countries with price controls, such as those in Europe, the government negotiates prices to keep them more affordable for consumers.