Trump’s Drug Pricing Scam
This opinion from Robert Reich in Eurasia Review is unabashedly critical of President Trump's proposal. What do you think about the types of arguments made by this op-ed? Leave a reaction below.
- President Trump's campaign promise to lower prescription drug prices was one of his only sensible proposals, but unfortunately, his long-awaited plan disappoints. It just represents "another battering ram to his ongoing economic war against America's allies."
- Trump wants other nations to pay more for U.S. drugs, and he uses nonsensical logic to argue that if this occurs, then United States pharmaceutical companies will lower prices in the United States. They would never do that, but they would be happy to rake in more profits abroad.
- It's a known fact that Americans spend much more on prescription drugs than other nations, but this isn't because foreign countries are free-loading on U.S.-based innovation. America's big pharmaceutical companies spend much more on advertising than they do on research.
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