3 ms·
(actual data which undermines the political rhetoric around this topic) "Critics of drug price regulation argue that free market pricing strategies and higher
by mypalmike 4y ago
(actual data which undermines the political rhetoric around this topic)
"Critics of drug price regulation argue that free market pricing strategies and higher prices in the United States are instrumental to innovation. One might therefore expect the United States to be the most innovative given that it is the only country with a predominantly unregulated pharmaceutical market. However, US pharmaceutical innovation appeared to be roughly proportional to its national wealth and prescription drug spending. Our data suggest that the United States is important but not disproportionate in its contribution to pharmaceutical innovation. Interestingly, some countries with direct price control, profit control, or reference drug pricing appeared to innovate proportionally more than their contribution to the global GDP or prescription drug spending."
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2866602/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2866602/