Others are saying that because it all starts with the initial prices of drugmakers, lower prices are not guaranteed.
Unlike most other countries, the U.S. government is not regulating medicine prices. This leaves an option to drugmakers to charge as much as the market will bear. This results in the highest drug prices in the world. According to the Organization for Economic Cooperation and Development, the US spent $1,162 per capita on prescription medicine.
Questions from the American People:
- Is capitalism the only reason drug prices are so high in America?
- Will reduced prices for prescriptions mean less money spent on medical research?
- Can the Trump administration regulate drug prices without falling into socialism?
- How would lower drug prices affect the American economy?
