Forbes January 8, 2020
Much is made of the cost of drugs in the U. S., a topic that is in the crosshairs of both political parties. Particularly galling for Americans is that drugs are cheaper around the world than they are here. As the 2020 Presidential campaign heats up, we are likely to see more examples of candidates like Sen. Bernie Sanders taking busloads of people to Canada to purchase drugs that are cheaper there than in our country.
The reason that drugs are cheaper elsewhere is that foreign governments have single payer systems. In most countries, biopharmaceutical companies must negotiate prices with each nation in order to be able to market their drug in said country. The U.S. operates in a completely...
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