$67 in France and $798 in US–Why Prescription Drug Prices Are so High in US

Duaine

Guru
1000 Post Club
Prescription drugs cost more in the United States than anywhere else in the world. President Donald Trump and some bipartisan senators want to change that.

Trump has so far issued several actions related to prescription drug prices. The latest, announced May 12, is a Most Favored Nation Prescription Drug policy, requiring pharmaceutical companies to offer their lowest price to U.S. customers.
An earlier order aimed to ensure that the middlemen in the drug supply chain can't hold on to rebates provided by pharmaceutical companies and instead must pass savings on to Medicare beneficiaries.
In all, the president has taken at least a dozen actions to reduce prescription drug costs, while no less than nine Senate bills aim for the same results.

Some of these ideas have been introduced before.

Trump's Most Favored Nation pricing plan was introduced near the end of his first term.

Prescription Drug Price Comparison

Gross prices given in U.S. dollars
Table with 5 columns and 4 rows.
Drug NameUnited StatesAustraliaOntario, CanadaFrance
Xarelto Oral Tablet 15mg471647867
Trulicity Subcutaneious Solution 1.5mg, 5ml798Not CoveredNot Covered89
Tremfya Subcutaneous Solution 100mg / 1ml11,4372,594Not Covered1,991
Remlivid Oral Capsule 5mg22,0484,7237,716Not Covered
Based on 2021 reporting by the Government Accountability Office
Table: The Epoch TimesCreated with Datawrapper

[EXTERNAL LINK] - $67 in France and $798 in US–Why Prescription Drug Prices Are so High in US
 
Prescription drugs cost more in the United States than anywhere else in the world. President Donald Trump and some bipartisan senators want to change that.

Trump has so far issued several actions related to prescription drug prices. The latest, announced May 12, is a Most Favored Nation Prescription Drug policy, requiring pharmaceutical companies to offer their lowest price to U.S. customers.
An earlier order aimed to ensure that the middlemen in the drug supply chain can't hold on to rebates provided by pharmaceutical companies and instead must pass savings on to Medicare beneficiaries.
In all, the president has taken at least a dozen actions to reduce prescription drug costs, while no less than nine Senate bills aim for the same results.

Some of these ideas have been introduced before.

Trump's Most Favored Nation pricing plan was introduced near the end of his first term.

Prescription Drug Price Comparison

Gross prices given in U.S. dollars
Table with 5 columns and 4 rows.
Drug NameUnited StatesAustraliaOntario, CanadaFrance
Xarelto Oral Tablet 15mg471647867
Trulicity Subcutaneious Solution 1.5mg, 5ml798Not CoveredNot Covered89
Tremfya Subcutaneous Solution 100mg / 1ml11,4372,594Not Covered1,991
Remlivid Oral Capsule 5mg22,0484,7237,716Not Covered
Based on 2021 reporting by the Government Accountability Office
Table: The Epoch TimesCreated with Datawrapper

[EXTERNAL LINK] - $67 in France and $798 in US–Why Prescription Drug Prices Are so High in US
Of course doing that will drive the prices everywhere up a bit as pharma won't like the lost profits. But at least seniors (and others in the USA) won't be subsidizing the lower prices elsewhere. Good thing medicare is explicitly included since medicare prices make up for lost profits in this country from medicaid, the VA, and other insurance plans - employee, ACA, etc.
 
Of course doing that will drive the prices everywhere up a bit as pharma won't like the lost profits. But at least seniors (and others in the USA) won't be subsidizing the lower prices elsewhere. Good thing medicare is explicitly included since medicare prices make up for lost profits in this country from medicaid, the VA, and other insurance plans - employee, ACA, etc.

i didn't hear him mention restricting pharma from doing direct to consumer advertising which increases the demand and therefore increases the price of drugs.it also increase cost to to pharma for marketing cost .the fact that other countries don't allow drug advertising is one of the reasons their prices are lower.
 
TV ads for prescription drugs should be banned. They flash the "warnings" to quicky to read. The actors are dancing, skydiving, sitting in two tubs holding hands while the "warning you may die" is hidden in plain sight in small letters.

Examples of Drug Warning Labels and Associated Side Effects:
  • Black Box Warning:
    This is the most severe type of warning, requiring the medication label to prominently display a black box around the warning text. It highlights the most serious risks, such as increased risk of bleeding (e.g., Coumadin), increased risk of heart failure (e.g., Rosiglitazone), or increased risk of suicidal thoughts in children (e.g., SSRIs)
  • Certain medications, particularly SSRI antidepressants, have been linked to an increased risk of suicidal thoughts and behaviors, especially in pediatric patients
  • NSAIDs (nonsteroidal anti-inflammatory drugs) can increase the risk of gastrointestinal issues like ulcers and bleeding.
  • Female oral contraceptives, hormone therapy, and testosterone replacement products have been associated with an increased risk of blood clot formation.
  • Certain medications, like antibiotics, can trigger allergic reactions, ranging from mild skin rashes to severe reactions like angioedema or anaphylaxis. Side Effectn.jpg
 
TV ads for prescription drugs should be banned. They flash the "warnings" to quicky to read. The actors are dancing, skydiving, sitting in two tubs holding hands while the "warning you may die" is hidden in plain sight in small letters.

Examples of Drug Warning Labels and Associated Side Effects:
  • Black Box Warning:
    This is the most severe type of warning, requiring the medication label to prominently display a black box around the warning text. It highlights the most serious risks, such as increased risk of bleeding (e.g., Coumadin), increased risk of heart failure (e.g., Rosiglitazone), or increased risk of suicidal thoughts in children (e.g., SSRIs)
  • Certain medications, particularly SSRI antidepressants, have been linked to an increased risk of suicidal thoughts and behaviors, especially in pediatric patients
  • NSAIDs (nonsteroidal anti-inflammatory drugs) can increase the risk of gastrointestinal issues like ulcers and bleeding.
  • Female oral contraceptives, hormone therapy, and testosterone replacement products have been associated with an increased risk of blood clot formation.
  • Certain medications, like antibiotics, can trigger allergic reactions, ranging from mild skin rashes to severe reactions like angioedema or anaphylaxis. View attachment 18468

they should at least require that happy music isn't playing in the background as they scroll through the side effects maybe even require a standard scary music background soundtrack before they cut back to that big gal singing that upbeat Jardiance is really swell song.
 
i didn't hear him mention restricting pharma from doing direct to consumer advertising which increases the demand and therefore increases the price of drugs.it also increase cost to to pharma for marketing cost .the fact that other countries don't allow drug advertising is one of the reasons their prices are lower.

Ads have marginal effect on costs. Advertising makes up around 10% of operating budgets. And any increase demand caused by marketing is easily tempered by the cost and the fact that prescriptions are administered through insurance companies while others countries aren't.

The disparity in costs is almost solely because other governments require pharmaceutical companies to sell to them at below market rates, then the pharmaceutical companies make up for those loses here. The US accounts for about 50% of pharmaceutical revenues while only being less than 5% of the global population. China is a distant 2nd at 7% or revenues.

The U.S. funds pharmaceutical research and breakthroughs, while other countries freeload.
 
Drug Advertising spending in the U.S.
 
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