"There is no disputing the fact that American consumers pay 30 to 300 percent more for the same prescription drugs as our counterparts in Canada, Europe, and the rest of the world"
- Michael K. Simpson
About this Quote
This quote by Michael K. Simpson highlights the stark distinction in the cost of prescription drugs in between the United States and other nations. It is clear that American customers are paying substantially more for the same drugs than those in Canada, Europe, and the rest of the world. This discrepancy is likely due to the lack of rate controls in the United States, which allows pharmaceutical companies to set their own prices. This has resulted in a system where American consumers are paying up to three times more for the same drugs than those in other nations. This is a concern that requires to be resolved in order to make sure that all Americans have access to the medications they need at a fair and reasonable rate.
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