If you forgot the pharmaceutical industry on your holiday shopping list, don’t worry. The federal government will take care of it for you. The refrain we hear from representatives of the pharmaceutical industry is that drug costs are high because the research, development, and shepherding of drugs through the FDA’s approval process is astronomically costly. What they fail to mention is that the development of many blockbuster drugs are paid for by the taxpayers before being handed over to drug companies, which then proceed to charge exorbitant prices for the drug.

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