What wonder drugs are on the market in other developed countries that US consumers are dying to get hold of? If this is a big problem it should be easy to name several.
The trouble is that one does not see what was prevented from existing.
The trouble is that one does not see what was prevented from existing.
Opportunity cost is a basic fact of economics. It seems to me that people put a higher premium on reliability than novelty in this sphere; that is to say, the cost to society of people dying from terminal disease is less than that of people dying unexpectedly after treatment for less deadly conditions. Also, your statement assumes those cures will never be discoverable.