TALK TO AMERICANS about their health-care system and many reach for Xanax. Together they spend around $5trn a year on keeping themselves in good nick, 40% more than in 2010 after adjusting for inflation. That comes to $13,400 per anxiety-ridden head, $6,000 more on average than in other rich countries, without being any healthier for it. Politicians of all stripes have long railed against this injustice—and fingered big pharma as the main culprit. President Donald Trump is now demanding that drugmakers charge no more for medicines in America than they do in comparably well-off places.
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