, Columnist
U.S. Consumers Foot the Bill for Cheap Drugs in Europe and Canada
Big Pharma bases its drug prices around the world on what it thinks the market can bear.
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A few days ago, when I remarked that U.S. pharmaceutical prices subsidize much of the research that benefits the rest of the world, I got various forms of push back, so it seems worth running, briefly, through the logic:
1. Both critics and boosters of pharma agree that prices are higher here than elsewhere.