Photo source: National Review
President Trump is right to try to lower drug prices here at home. It is a travesty that other nations get access to U.S. innovation at cut-rate prices — much lower than what Americans pay. For example, the Health and Human Services Department reports that a senior who receives an eye medicine that currently costs Medicare $1,800 a month is charged only $300 a month in many other nations. A popular chemotherapy drug costs Medicare $4,700 for each treatment here in the U.S. but only $1,100 in other nations. HHS estimates that Americans pay “180 percent of what other countries pay for physician-administered drugs.” Something is seriously wrong here.
Read more: Drug-Price Controls Can Be Injurious to Your Health
