Skip to content

Consumers Quote by Michael K. Simpson

“While American taxes pay for much of the research and development that goes into creating the new, life-saving drugs, American consumers continue to subsidize the cost of the drugs for consumers across the world.” quote by Michael K. Simpson
Download Open image
“While American taxes pay for much of the research and development that goes into creating the new, life-saving drugs, American consumers continue to subsidize the cost of the drugs for consumers across the world.”

Michael K. Simpson

About This Quote

American taxpayers fund drug R&D, yet U.S. consumers also help subsidize global drug costs.

In simple terms: U.S. pays for drug research and also subsidizes worldwide drug prices.

Key Takeaway

Advocate fair pricing and global access.

Themes

economics healthcare globalization

Mood

analytical concerned

Type

policy economic

When to use this quote

  • policy making
  • health advocacy
  • consumer behavior

Key Concepts

pharmaceutical policy taxation equity

Questions to Reflect On

  • How can drug pricing be made fair?
  • What role should taxpayers play?
A Different Perspective

Complex market forces may limit simple solutions.

3.6 out of 5 (4 ratings)

More by Michael K. Simpson

Explore all 31 Michael K. Simpson quotes

More Consumers quotes

Browse all 1,606 Consumers quotes