This is interesting because it is a testable idea. We can look at other countries that have equivalent agencies to the FDA, and see if their drug prices are also higher. If so, your idea might have merit.<quoted text>
So the reason our prescriptions cost what they do is because of the FDA, all the drugs not approved by the FDA, and the extensive testing and red tape that it takes to get a drug approved.
In Canada, their version of the FDA is Health Canada. It has similar oversight of drugs. And yet, drugs are much cheaper there. Why do you think that is?
"The statistics reflect that prices of brand name drugs in the United States are significantly higher than in Canada, India, the UK and other countries, nearly all of which have price controls."
Why don't we have price controls, or even just allow Medicare to negotiate for the best prices?
"The pharmaceutical industry has thousands of lobbyists in Washington, D.C., that lobby Congress and protect their interests. The pharmaceutical industry spent $855 million, more than any other industry, on lobbying activities from 1998 to 2006, according to the non-partisan Center for Public Integrity."