Home Food Allergies Three-Minute Video: A Main Motive US Drug Prices Are So Excessive

Three-Minute Video: A Main Motive US Drug Prices Are So Excessive

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People pay far more for generic and brand-name medicine than their counterparts in different international locations.

The US Division of Well being and Human Companies in contrast drug costs in 2022 and decided:

U.S. costs throughout all medicine (manufacturers and generics) had been almost 2.78 occasions as excessive as costs within the comparability international locations. U.S. costs for model medicine had been a minimum of 3.22 occasions as excessive as costs within the comparability international locations, even after changes for estimated U.S. rebates.

Anybody prescribed an epinephrine auto-injector understands the exorbitant prices concerned in acquiring and maintaining present your provide of the lifesaving drug.

There are a selection of causes People pay a lot extra, together with an absence of common healthcare, a fragmented medical insurance trade, and the lack of the federal government to barter costs instantly with drug corporations for all shoppers as many different international locations do.

One more reason is the byzantine system we now have in place that depends on a particular intermediary to barter drug costs with insurance coverage corporations and pharmacies: Pharmacy Profit Managers (PBMs).

The New York Occasions revealed an article this June entitled “The Middlemen — The Opaque Trade Secretly Inflating Costs for Prescription Medicine,” effectively well worth the learn when you’ve got a subscription.

Right here is the Occasions video that accompanied the article with a wonderful description of who these middlemen are and what they do:

How are you dealing with in the present day’s drug costs? Tell us within the feedback part beneath.

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