On the recordJuly 23, 2025
America is a great nation. Just look at the record. When it comes to the discovery of new drugs and pharmaceuticals, we lead the world. But we also pay the highest prices in the world for the prescription drugs. The very same drugs made in the United States is for sale in Canada at a fraction of the cost. The same thing is true in Europe. What is going on here? Our country is producing drugs, paying more for them than other customers around the world--the problem is so glaring that even President Trump has identified fixing this issue as a priority. Bipartisan feeling--change it, reduce the price of drugs. Why is the United States such an outlier? One of the major reasons-- if you watch television, you see it every single day. The United States is one of only two industrialized countries in the world that allows people to advertise drugs on television. This is a trivia quiz. What is the other country? New Zealand. Two countries in the world that allow advertising of prescription drugs on television--you know, the ads with the catchy jingles, flashy images of patients rock climbing, golfing, dancing, parading. Big Pharma spends $6 billion a year to flood the airwaves with ads for the latest wonder drug--$6 billion. Why? Why would they spend all this money to advertise drugs and say, Talk it over with your doctor? They spend such astronomical sums to promote their drugs because it increases their profit margins.…
Source
govinfo.gov




