Aug 27, 2016: Harvard Study Finally Admits Drug Prices are High Because Govt Grants Big Pharma a Monopoly (Study link in comments)

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[–]SoCo[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

Findings [...] The most important factor that allows manufacturers to set high drug prices is market exclusivity, protected by monopoly rights awarded upon Food and Drug Administration approval and by patents. [...]

Conclusions and Relevance High drug prices are the result of the approach the United States has taken to granting government-protected monopolies to drug manufacturers, combined with coverage requirements imposed on government-funded drug benefits. [...]

https://jamanetwork.com/journals/jama/article-abstract/2545691

[–]Anman 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

How much did this study cost? This is common knowledge.