New report shows how badly big pharma is ripping off American people with publicly funded medications

US Senate Committee on Health, Education, Labor & Pensions

12 June 2023 - The American people pay the highest prices in the world for lifesaving prescription drugs that they helped create. 

Report shows, over the last 20 years, the average price of new medical treatments that NIH scientists helped invent is $111,000 – more than ten times the price that led the National Institutes of Health to first introduce a reasonable pricing clause in 1989.

A new report released today by Senator Bernie Sanders, chairman of the Senate Health, Education, Labor, and Pensions Committee, found that Americans virtually always pay far more than people in other countries for prescription drug treatments created with the help of National Institutes of Health scientists.

Read US Senate Committee on Health, Education, Labor & Pensions press release

Michael Wonder

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Michael Wonder