See Republicans for Price Controls: Rather than reform welfare, some in the GOP want to ‘fight’ pharma companies by Kimberley A. Strassel. Excerpts:
"Europe’s price controls have reduced its once-thriving pharmaceutical industry to dust, while Europeans (and Australians and Canadians) have access to far fewer new drugs than are available to Americans, including breakthrough cancer treatments. Those nations also show how a lack of innovation leads to even higher healthcare costs in the longer run."
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