Why are prescription drugs so expensive here?

May 10, 2010
The Huffington Post
By Howard Steven Friedman

Al called back ready for more. Without even a hello, he jabbed, “You keep criticizing health care in the U.S., but you don’t bother mentioning that we are the world leader in biomedical research and development. In fact, in 2006, three quarters of the world’s biotechnology revenues and 82% of world R&D spending in biotechnology was in the U.S.”

“Completely true. And we are the home to great research centers like the Mayo Clinic, Johns Hopkins, and the National Institute of Health.” Read more