rand corporation

16 Dec: Pfizer-funded study: Lower prescription drug prices could kill you

It’s no secret that Americans pay far more for prescription drugs than consumers in any other country in the developed world. Most European countries impose price controls on Big Pharma that keep their prescription drug prices to less than two-thirds of what Americans pay. Obviously, Big Pharma doesn’t want that happening here — which may help to explain why Pfizer has funded a new Rand Corporation study saying that lowering drug prices through price controls would have horrific consequences for Americans. How horrific? It would actually reduce the length of your life! As Reuters reports: Imposing European-style price controls on prescription drugs in the United States would result in modest cost savings that would be more than offset by shortened…