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What would happen if the U.S. instituted price controls on prescription drugs?

April 26, 2017controls instituted prescription drugs price

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What would happen if the U.S. instituted price controls on prescription drugs?

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If state and federal programs lead to price controls, drug companies and outside experts on the industry such as Uwe Reinhardt and Richard T. Evans say that it will diminish the return on research and development. Consequently there would be less research and development and fewer new products.