Why do Americans pay the highest drug prices in the world? Ask the Republican party who in 2007 held the Presidency and a majority in both houses. These buggers used the power of their minute in total control of the US government to shove corporate drug profits so far up Americas ass its still costing them the highest prices in the world in 2016.
MEDICARE PRESCRIPTION DRUG PRICE NEGOTIATION ACT OF 2007, better known as Medicare Part D, forbade any American federal government agencies from shopping for lower price drugs , than that required by big pharma operating in the United States of America. By law American agencies were forbidden to shop for lower drug prices in opposition to big pharma demands.
"Under current (George W Bush administration)law, written to appease the pharmaceutical
industry, the government is explicitly forbidden from using
its huge purchasing power to negotiate lower drug prices for
Medicare beneficiaries. That job is left to the private
health plans that provide drug coverage under Medicare and
compete for customers in part on the basis of cost.