August 26, 2016
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7:26Now PlayingIn this Facebook Live, AMERICAblog Editor John Aravosis explains why Hillary Clinton is right to be promising as president to take on the high cost of prescription drugs.
I’ve written extensively about how US drug companies fleece American consumers by charging us 5 time or more what they charge Europeans for the same drug. But Hillary noted another reason why this is unfair: American taxpayers are subsidizing these drugs companies. We subsidize through tax breaks, and we subsidize it through the FDA. As Hillary notes, our FDA, paid for by American tax dollars, makes sure these drugs are safe, and then the drug companies make money all over the world based on that seal of approval that US taxpayers paid for.
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