[bwd]

And the implication here is that the other industrialized nations are free-riders on development costs paid by the Americans and would probably need to pay more in their markets.

Has anybody seen any research on how much of the difference between health care costs in the US and Canada/Europe are accounted for by the difference in drug prices?

I also expect that international cooperation on the approval process for new drugs might reduce development costs. Perhaps the UN might actually make itself useful and form something like an international version of the FDA and have member nations agree to abide by its decisions.