Do US Citizens Subsidize Cheap Drugs to Rest of World?
Listening to the NYTimes daily podcast about HIV drug Truvada got me thinking about the huge disparity between drug prices in the US versus everywhere else. If US consumers have to pay astronomical prices because of patent protection and an inability to negotiate prices down while the rest of the world gets the same drugs at pennies on the dollar, doesn’t that mean that the US citizens are subsidizing the cost of drugs to the rest of the world? So basically US citizens foot the bill for everyone else to have great drugs. This seems like something we should fix so that rather than Americans going broke to get the drugs they need, they should have the rest of the world pay a more equitable share of the drug costs.