Where in the article are the US prices compared to EU prices? It seems that it compares EU prices to production prices (in India and China). It also states:

"We also see that in countries that have free market pricing of medicines (where companies can decide for themselves the price of a new medicine), such as Germany, the price of generic medicines tend to be higher than in countries which regulate medicine prices."

This seems to contradict the claim as well.

Here is the article I was thinking of....

http://managinghealthcarecosts.blogspot.com/2012/03/united-s...

The US payers more for brand name drugs, but less than nearly every other OECD country (with the exception of NZ).