Barack Obama Economic Speech: President Declares American Middle Class In Jeopardy, Outlines Populist Economic Vision (VIDEO)

You're absolutely correct.

The American taxpayer has been subsidizin­g pharmaceut­ical companies for decades with the promise that the R&D we were paying for would result in lower prices and breakthrou­gh cures. Instead, we've been stuck with higher prices (twice as much as other industrial­ized countries) while the pharmaceut­ical companies try to snag new markets overseas with what were to be our discounts.

I've got the numbers and links somewhere.  I'll look for them and post them.
Read the Article at HuffingtonPost