No the US is absolutely more innovative than Europe. That's not even an argument.
You don't even have a working GPS system or semi-conductor industry. Which means whatever output you do have is entirely reliant on the US and China.
Past that. Big companies started as small companies. The google's, facebook's, Texas Instruments, IBMs, Ubers and Intel's of the world all started with a few dudes. In fact that's the silicon valley story. Followed by becoming immensely wealthy. Creating world changing technology and being rewarded for it is a good thing, not bad. Speaking of immense things their is an immense amount of competition in that space. You are blind if you think otherwise there's no way around that. Look what has happened over the last 25 years with Apple and Microsoft. Anyway. You know you are wrong here you are just trying to make some small businesses are better argument. Which isn't what we are talking about. We are talking about the bleeding edge. Small businesses are great. If you are selling appliances.
Regardless of price differences in medicine. Which you've picked I'm guessing a single medication and run with. But regardless. 90% are insured. Most uninsured are that way intentionally at this point. Or they are immigrants.