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The cost of a prescription drug can be very high, and several factors contribute to this. What can consumers do to reduce their drug costs, and what changes need to be made to make medications more affordable?
Here are six reasons drugs in the United States cost so much: 1. There is no central negotiator willing to walk away. Other wealthy countries rely on a single negotiating body...
What’s missing from the public policy debate about drug prices is an understanding of how pharmaceutical R&D — including the establishment and transfer of intellectual property rights — and ...
Prescription drug prices in America are a consistent source of frustration, anger and bafflement among patient-consumers. Why are some drugs so pricey – and why are some pills dramatically more...
Why are prescription drug prices so high in the U.S. compared to other countries? In 2019, the U.S. spent $1,615 per capita (per person) on prescription drugs. Take a look at Harvoni, a medication for hepatitis C. People in the U.S. paid $30,808 on average for a 28-day supply.
Why are medicine costs so high in the US? My top five contenders are: Drug makers’ profit motive. Pharmaceutical companies routinely reject this idea. They say it’s expensive to develop new...
At the same time, the United States also pays significantly higher prices than the rest of the developed world when it comes to prescription drugs, due primarily to limited competition...