Not really, Ivanka. Sometimes pharma companies hit presidents hard because they abandon free-market ideals. Trump’s drug price controls have been an unfortunate exception to good policy.
Us pharma rolls its money into life saving new breakthrough treatments. how about we regulate what every company can charge? Autos. Toasters. Pizza makers. I get drug prices are an emotional issue, but that doesn’t make them immune to free-market forces.
For every person we know who struggles with drug prices, there is another we know who is alive today (or got to stay with us a bit longer) because pharma has produced amazing breakthroughs. That can’t happen without patents and R&D.
I totally agree it is wrong that other countries regulate and skim off us innovation. But the answer is to pressure those countries, rather than hurt our own vibrant industry.
You can follow @KimStrassel.
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