Drug Prices Are Cheaper in the U.S. than Other Countries

Drug Prices Are Cheaper in the U.S. than Other Countries

Ha. We knew this headline would grab your attention. Every news story and every declaration by the political class shouts out exactly the opposite: Americans pay MORE for drugs. But that’s highly misleading. It IS true that Americans pay more for new drugs under patent. That, of course, is because American pharmaceutical companies spend billions of dollars inventing the major breakthrough drugs and the rest of the world free-rides on those R&D c…