Okay, the whole last statement is Bullshit.
"Americans are subsidizing the cost of drugs for the rest of the world." "The reason drugs are so expensive in the US, is becuase they are cheaper everywhere else."

BULL
Talk about shifting the blame.
The reason the drugs are so expensive is because the Drug companies are "for Profit" private companies, and they know people will die without their product so they also know there is an urgency for people to have the drugs. So they jack up the price for bigger profits. Stock owners want better return on their investments, so the board and CEO do everything they can/get away with to get as much as they think they can without breaking the bank. AKA, the consumer - of course, there is an acceptable death rate that they factor in, which they feel is safe to shield them from backlash, staying as close to that line as possible.

As always follow the money - see what these companies make in a year.

<iframe src='//players.brightcove.net/2111767321001/default_default/index.html?videoId=6007817856001' allowfullscreen frameborder=0></iframe>
http://players.brightcove.net/2111767321001/default_default/index.html?videoId=6007817856001


"As a result, even with major R&D spending, pharmaceutical companies remain highly profitable. They have the tenth highest average after-tax profit levels of more than 100 different industries. And according to figures from Axios, while drug companies bring in 23% of health care’s U.S. revenue, they make 63% of the total profits."

and why i downvoted this video.

Seven executives of top pharmaceutical companies were grilled before a congressional panel Tuesday about the nation's skyrocketing drug prices

Sen. Ron Wyden, the ranking member of the committee, blasted Big Pharma as "morally repugnant" and accused the companies of operating in an "unacceptable" way. He grew testy when he believed the executives weren't being forthcoming about reducing list prices.

"All of this other stuff is window dressing," Wyden snapped. "You are stonewalling on the key issue."

At one point, he pressed the chairman and CEO of AbbVie, maker of the arthritis drug Humira, which, according to a recent New York Times story, has doubled in list price since 2012, from about $19,000 a year to $38,000. Wyden wanted to know whether the company makes money on drugs in Germany and other Westernized nations where patients pay, on average, 40% less than Americans.

"Yes, we do," CEO Richard Gonzalez said.
If that's the case, Wyden said, "you can do the same thing in the United States."

"How is that not gouging the American consumer?" he asked. "You are willing to sit by and hose the American consumer and give breaks to those overseas."

https://www.cnn.com/2019/02/26/health/senate-hearing-skyrocketing-drug-prices/index.html

Moving this video to ant's personal queue. It failed to receive enough votes to get sifted up to the front page within 2 days.