Isn’t it true that much of the funding for these drugs comes from taxpayer dollars via the National Institute of Health.
Seems to me in that case, that the pharmaceutical companies are getting profits on our dime, while socializing the costs.
The $30 billion or so of taxpayer money spent supporting this research annually is a drop in the bucket compared to the vast sums of money wasted on entitlements, fraud and other giveaways. That's not to say that the NIH and NSF don't waste huge sums of money supporting junk science. They do. That waste notwithstanding, the primary research supported by our tax dollars is provides one of the better returns on the money the government confiscates from its citizens. JMHO of course.
Anyone who has suffered from disease, or has been affected by someone else who has, should want the drug companies to be highly profitable.I want a future in which more lifesaving drugs are discovered and made available to us and our progeny, not fewer lifesaving drugs. Profit drives innovation. The drug industry spends more on research and development, as a percentage of sales revenue, than just about every other industry in the US. Nine out of every ten new drugs are discovered in the US. That's because the drug companies can still make a profit here.