Like your iPhone? Federal officials designed it. Couldn’t live without the Internet? Thank Uncle Sam—he invented it. Sick and need a new medicine? Don’t worry—the government is here to help.
This fantastical line of thinking—that because the government funded basic, early-stage research, it can claim credit for a final product decades later—underpins the latest calls for more federal control of drug prices. Such calls are grossly ill-informed and demonstrate a deep misunderstanding of the drug development process.
The latest calls for more federal control of drug prices are grossly ill-informed and demonstrate a deep misunderstanding of the drug development process.
