It is an undisputed fact that American pharmaceutical prices are the highest in the world.Big pharmaceutical companies argue that this is essential to sustaining pharmaceutical innovation (Novo Nordisk suggests otherwise, but that’s a different argument).
Big pharmaceutical companies argue that this is essential to sustaining pharmaceutical innovation (Novo Nordisk suggests otherwise, but that’s a different argument).
Budget hawks argue that there are easy savings to be had from joining the rest of the world in using the government’s purchasing power to strike a better deal.
But no one doubts that U.S. prices are high.
However, those high prices do not translate into high reported profits in the United States. Rather the contrary: large pharmaceutical companies generally report losing money in the U.S.
No need to take our word for it.
