>"the U.S. "is the only developed nation on Earth which allows pharmaceutical companies to set their own prices."
There is nothing inherently wrong with a free market..... as long as the market really is free and isn't being controlled by unregulated monopolies. That is what we are seeing happen with things like the Epi-Pen. And in cases where patents are creating artificial monopolies, we have to examine if there should be regulation (as we rightfully regulate all other monopolies).
As for the backlog at the FDA for generics- that is just inexcusable.
Oh, and yes, I am one of the people that must have an Epi-Pen or risk losing my life if I accidentally eat a nut (which happened once and nearly did so). So yes, I have a horse in this race...