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Why Are US Drug Prices So High?
Episode 500

Why Are US Drug Prices So High?

The Human Action Podcast · Mises Institute

May 19, 2025

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Show Notes

Economist Alex Tabarrok joins Bob to review Trump’s executive order on prescription drug pricing. They explore how price discrimination works in global pharmaceutical markets, the unintended consequences of importation policies, and why U.S. consumers often pay more—yet benefit most from drug innovation. Tabarrok also critiques the FDA’s role in delaying treatments and explains how regulatory reform, not price caps, could make healthcare more affordable and effective.

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Topics

Bureaucracy and RegulationHealthU.S. Economy