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Prescription Drugs: Describe and discuss why prescription drugs are expected to be priced lower overseas than...

Prescription Drugs: Describe and discuss why prescription drugs are expected to be priced lower overseas than US.

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Prescription drugs are expected to be priced lower overseas than the US because the USA when new prescription drugs come onto market does not regulate or negotiate the prices, while in other countries generally a government agency is set to meet haggle with pharmaceutical companies over price and thus it makes the price appropriate. This is due to the fact that since lowering drug profits would deter the investors from the pharmaceutical industry as less investment in drugs means less research and thus fewer new and innovative cures.

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