Tuesday, December 8, 2015

Why Are U.S. Prescription Drug Prices Higher Than Other Countries'?

Jeanne Whalen of the Wall Street Journal has written a feature article comparing U.S. prescription drug prices to those overseas. Unsurprisingly, she find prices in other developed countries lower, and credits government price controls in other countries with (pretty much) all the difference.

I do not dispute the facts of the article, but the article’s misidentifying the primary reason why drug prices are different.

Read the entire entry at NCPA's Health Policy Blog.

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