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Publicly funded clinical drug trials. The current system of financing research through government imposed patent monopolies is incredibly inefficient. As a result, drugs that would be cheap in a free market sell at outrageous prices. This vast gap between the patent-protected price and the production costs encourage corruption. If the government paid for the clinical trials (buying rights to promising compounds) all new drugs could be sold at generic prices.

Submitted by Dean Baker, Co-Director of the Center for Economic and Policy Research in Health Dec. 10, 2014, 1:37 a.m.
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1194 votes
Citation: http://www.cepr.net/index.php/publications/reports/the-benefits-and-savings-of-publicly-funded-clinical-trials-of-prescription-drugs

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