The drug pricing maze

[longknife]

I always thought it was Big Parma’s way of recouping R&D costs. But this says that’s not the case.

How it works: Using publicly available data and common industry assumptions, Pachman built out a rough, simplified sketch of how money changes hands for a “typical” generic drug.

This drug would cost about $3 to make and would sell for about $15.

So, what happens to the other $12? It’s split among the manufacturer (about $3), the pharmacy ($1.50), a wholesaler ($2), and, finally, the largest share goes to the company that manages your insurance plan’s drug benefits ($5.50).

There’s more @ The many reasons why drugs cost so much and it provides these links to more;

Exclusive poll: Americans don't think Trump will reduce drug prices

A nonprofit drugmaker steps into the fray

The main issue with prescription drug price transparency

 

[Erinwltr]

Are you the Honey Badger? It doesn't matter how many times you put this in folks faces. Americans want, and need Medicare.

 

[sparky]

I always thought it was Big Parma’s way of recouping R&D costs. But this says that’s not the case.

How it works: Using publicly available data and common industry assumptions, Pachman built out a rough, simplified sketch of how money changes hands for a “typical” generic drug.

This drug would cost about $3 to make and would sell for about $15.

So, what happens to the other $12? It’s split among the manufacturer (about $3), the pharmacy ($1.50), a wholesaler ($2), and, finally, the largest share goes to the company that manages your insurance plan’s drug benefits ($5.50).

There’s more @ The many reasons why drugs cost so much and it provides these links to more;

Exclusive poll: Americans don't think Trump will reduce drug prices

A nonprofit drugmaker steps into the fray

The main issue with prescription drug price transparency

these OpEd's are just a tad isolationist LongOne. For example , they don't express the real reason the very same pharaceuticals cost substaintailly less across our boarder, or across the big pond.

allow me....>>>

US drug prices higher than in the rest of the world, here's why

One answer is that nearly all countries except the U.S. have policies to lower drug prices, including price controls, regulations that limit the profitability of drugs, reference pricing, and cost-effectiveness thresholds

So you see, given the pharmacabal is global, it makes up for it's losses by porkin' American consumers ,for what it looses to countries that employ collective bargaining


~S~

 

[eagle1462010]

I always thought it was Big Parma’s way of recouping R&D costs. But this says that’s not the case.

How it works: Using publicly available data and common industry assumptions, Pachman built out a rough, simplified sketch of how money changes hands for a “typical” generic drug.

This drug would cost about $3 to make and would sell for about $15.

So, what happens to the other $12? It’s split among the manufacturer (about $3), the pharmacy ($1.50), a wholesaler ($2), and, finally, the largest share goes to the company that manages your insurance plan’s drug benefits ($5.50).

There’s more @ The many reasons why drugs cost so much and it provides these links to more;

Exclusive poll: Americans don't think Trump will reduce drug prices

A nonprofit drugmaker steps into the fray

The main issue with prescription drug price transparency

these OpEd's are just a tad isolationist LongOne. For example , they don't express the real reason the very same pharaceuticals cost substaintailly less across our boarder, or across the big pond.

allow me....>>>

US drug prices higher than in the rest of the world, here's why

One answer is that nearly all countries except the U.S. have policies to lower drug prices, including price controls, regulations that limit the profitability of drugs, reference pricing, and cost-effectiveness thresholds

So you see, given the pharmacabal is global, it makes up for it's losses by porkin' American consumers ,for what it looses to countries that employ collective bargaining


~S~

How The US Subsidizes Cheap Drugs For Europe

These price discrepancies and their implications are well known throughout the industry but rarely discussed outside of it. Pharmaceutical companies have long defended the high price of drugs as necessary to pay for the research and development of new drugs, but the differences in pricing essentially means that consumers in the U.S. are contributing more than those in other countries. The U.S. accounted for 46 percent of global life sciences research and development--the vast majority of which is in biopharmaceuticals--according to the December 2013 issue of R&D Magazine.

“The U.S. is the global leader in biomedical innovation,” Mark Grayson, a spokesman for PhRMA, a pharmaceutical industry trade group that represents many of the world’s biggest drug companies, said in an email. “The research is for medicines that will be sold in the U.S. but obviously will be sold around the world,” he added.



The United States does almost half of the world's research......the rest of the world uses the rewards of this research.....pays less than half the cost we do..........and as usual....Americans get fucked by the rest of the world again...........

Kinda normal........they reap the rewards and we pay for it.......then they bitch about how sorry we are here.

pffft.

 

[USNavyVet]

Are you the Honey Badger? It doesn't matter how many times you put this in folks faces. Americans want, and need Medicare.

Good thing we have Medicare, huh? Just have to live long enough to receive it.

 

[sparky]

Good thing we have Medicare, huh? Just have to live long enough to receive it.

methinks the same folks sell vitamins .......~S~