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BY: Charles Fain Lehman
Numerous developed nations may be "free riding" on American medical innovation, according to a letter sent Tuesday by congressmen to President Donald Trump, and released exclusively to the Washington Free Beacon.
Letter - Rep - Sean - Duffy - R
The letter, authored by Rep. Sean Duffy (R., Wisc.) and cosigned by 26 Republican colleagues, comes as French president Emmanuel Macron made his first visit to the United States. Macron is expected to discuss trade with Trump, as is German Chancellor Angela Merkel, who will pay a visit to the United States beginning Friday.
Both Germany and France are cited as developed countries with more-socialized health care systems that are consequently taking advantage of U.S. health care innovation while indirectly causing Americans to shoulder the cost burden.
Countries - Germany - France - Japan - Australia
"Developed countries like Germany, France, Japan, and Australia consistently undermine American companies through longstanding, impermissible practices that place an unfair burden on U.S. patients, cost our economy jobs, and rob us of new treatments and cures," Duffy writes.
New drugs are discovered more frequently in the United States than in any other country, although estimates vary as to how widely America outpaces other nations. This rate of drug discovery is a product of the more than $50 billion that pharmaceutical companies spend on research and development annually.
Drug - Systems - World—in - Words - Nations
Once a drug is invented, it unsurprisingly spreads to other medical systems, especially those in the developed world—in other words, developed nations are able to reap the benefits of American drug R&D without spending similar amounts in research dollars.
The indirect burden of funding all of this R&D ends up falling disproportionately on American consumers. Americans spend approximately three times as much as their European counterparts on medicine, according to a recent Brookings Institution analysis....
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