Gouging the Sick Inc.

Posted: August 24, 2016 in -
Tags: , , , , , , , ,

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Why doesn’t the federal government ensure reasonable prices for drugs developed with public funds?

 

The U.S. invests more than $32 billion each year in drug and biomedical research. This major public investment in drug research empowers the government to make drugs affordable under the Bayh-Dole Act of 1980. But, even when drug companies price critical drugs at staggeringly high prices, the government has never used this authority. Why doesn’t the federal government ensure reasonable prices for drugs developed with public fundsan appropriate return on the public’s investment?

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