[TomGuy]

That should put the kibosh on the evil profit-hound drug companies and, just incidentally, eliminate drug research and new drugs for heretofore uncured diseases and new drugs for old diseases for which the bugs are now immune. No profit means no development.

That works if you assume that ONLY US companies are doing R&D. But, nearly half of the name-brand drugs are imports -- from Japan, Israel, Germany, India and other countries.

[arthurus]

And they make most of their profit in the USA.

[BlazingArizona]

That works if you assume that ONLY US companies are doing R&D. But, nearly half of the name-brand drugs are imports -- from Japan, Israel, Germany, India and other countries.

Furthermore, a large chunk of the "American" R & D consists of foreign companies doing business in New Jersey. There are tax advantages in doing so, and they can do biotechnology, which is no longer legal in Europe and Australia/New Zealand.