Research: Prescription Drug Prices are 2.56 Times Higher in the United States
The prestigious Rand Corporation released a study this week comparing prescription drug prices in the United States to other nations. On average Americans pay more, lots more. They found that we pay 2.56 times more than patients in other nations. The gap was especially high for brand-name [non-generic] drugs.
Rand: "Prices in the United States are higher than those in all comparison countries
U.S. prices were 256 percent of those in the 32 comparison countries combined.
In comparisons with individual countries, U.S. prices ranged from 170 percent of prices in Mexico to 779 percent of prices in Turkey.
The gap between U.S. prices and prices in other countries was larger for brand-name originator drugs. ...
U.S. prices were 190 percent of prices in other countries after adjusting U.S. prices downward to account for rebates and other discounts."
The one bright spot in the study was that we pay less for generic drugs, where US prices were 84% of the average paid in other nations.
By: Don Lam & Curated Content