schmidlap
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- Oct 30, 2020
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"Americans pay on average nearly four times more for drugs than other countries
– in some cases, 67 times more for the same drug."
U.S. vs. International Prescription Drug Prices Prepared by Ways and Means Committee Staff,
September 2019
– in some cases, 67 times more for the same drug."
U.S. vs. International Prescription Drug Prices Prepared by Ways and Means Committee Staff,
September 2019
[A]cross the board, the U.S. spends more on drugs than other comparable developed countries. The extent of these pricing differentials varies by drug, manufacturer, and disease group, but the results we present show the existence of large differences between the U.S. drug pricing system and other countries – and the associated negative effect those differences have on out-of-pocket costs borne by the American consumer and associated costs borne by the taxpayer. The system in place now does not work for the Americans who depend on it – by all measures, U.S. consumers pay too high a price for.
After fake promises aplenty, e.g., * Typically, 60% Nitrogen, 20% Hydrogen, 10% Carbon Dioxide, 5–10% Methane and 5% Oxygen.
The administration is confronting this gross inequity yet again.
Schumer says Democrats reach deal on lowering prescription drug costs
Senate Majority Leader Chuck Schumer announced Tuesday that Democrats have reached a deal on a measure aimed at lowering the cost of prescription drugs... The deal includes: Direct government negotiation on the price of insulin and a smaller universe of drugs that are no longer protected from competition; a cap on out of pocket prescription drug expenses for seniors at $2,000 annually; if the cost of a drug rises faster than inflation, that manufacturer would pay a rebate penalty to Medicare (this penalty would apply to all drugs both in Medicare and in commercial insurance.
Will Big Pharma have its way with the current President as previously. For the sake of Americans, let's hope not!.
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