Simon Haeder

via PixaBay

This article was originally published by The Conversation. You can read it here.

It's no secret that Americans pay more for prescription drugs than any other developed nation in the world. Per capita spending exceeds $1,000 a year; the Germans and French pay about half that.

For many drugs, prices are dramatically higher than the international average: Dulera, an asthma drug, costs 50 times more, while Januvia, a drug for diabetes, and Combigan, a glaucoma drug, cost about 10 times more.

Politicians on both sides of the aisle have recognized this problem. President Donald Trump has called the situation "wrong" and "unfair"; presumptive Democratic presidential nominee Joe Biden has called to end the "abuse of power" by drug companies while his former competitor Sen. Bernie Sanders has complained about "unfettered capitalism" and "greed."

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