The conversation between human and AI assistant.
Do Americans subsidize the other countries' spending on pharmaceutical drugs?
Why doesn't the US regulate drug prices like other countries?
There is no federal law in the US that regulates the prices of drugs. This is primarily because the US believes in a free market economy, and the government wants to give drug companies the freedom to charge what they believe is the market rate for their products. Additionally, the US government provides incentives to drug companies to develop new drugs which also affects the pricing of the drugs.