Frech, Henry Edward; Pauly, Mark V.; Comanor, William S.; … - National Bureau of Economic Research - 2023
In his Labor Day address, President Biden stated that the U.S. "has the highest drug prices in the world, and there is no reason for it." For new branded drugs, the first part of that statement is supported by a recent RAND Report (Mulcahy et. al. 2021) which found U.S. average prices are 2.3...
