> What are we subsidizing exactly? Development of new drugs? Does this mean if US started tightly regulating drug prices, then drug prices would go up everywhere else in the world? Or just that the rate of new drug development would slow down?
A bit of both, most likely. The US tends to see drugs that are not available elsewhere in the world, but the cost of drugs is much, much higher.
Quick example - Generic Walgreens ibuprofen costs $3.29 for 20 in the US. The same thing in the UK at Boots (same parent company) costs $0.50.
A bit of both, most likely. The US tends to see drugs that are not available elsewhere in the world, but the cost of drugs is much, much higher.
Quick example - Generic Walgreens ibuprofen costs $3.29 for 20 in the US. The same thing in the UK at Boots (same parent company) costs $0.50.