Study Commissioned by Sanders Shows US Pays 2 to 4 Times More for Prescription Drugs Than Other Nations

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    • #420468
      eridani
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      • Total Posts: 8,950

      https://www.commondreams.org/news/2021/04/28/study-commissioned-sanders-shows-us-pays-2-4-times-more-prescription-drugs-other

      According to an analysis (pdf) by the Government Accountability Office (GAO), retail prices that U.S. consumers and insurers paid for 20 brand-name prescription drugs in 2020 were 2.82 times higher than in Canada, 4.25 times higher than in Australia, and 4.36 times higher than in France.

      The drugs GAO examined were a sampling of 41 brand-name medicines with the highest expenditures and use in the Medicare Part D program, which under current federal law is prohibited from negotiating prices with pharmaceutical companies.

      “This important GAO study confirms what we all already know: the pharmaceutical industry is ripping off the American people,” Sanders (I-Vt.) said in a statement. “The time is long overdue for the United States to do what every major country on earth does: negotiate with the pharmaceutical companies to lower the outrageous price of prescription drugs.

      The Vermont senator went on to urge Biden to “put this proposal in the American Families Plan and use the savings to expand and improve Medicare for older Americans.”

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

    • #420469
      eridani
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      • Total Posts: 8,950

      https://truthout.org/articles/prescription-drugs-in-u-s-are-quadruple-what-they-cost-elsewhere-report-finds/

      The GAO selected 20 name brand prescription drugs to compare the retail prices for each drug in the selected countries. While some drug prices were lower, some net prices for drugs in the U.S. were as much as 10 times higher than the prices in other countries.

      “For the 20 drugs in our review for which we had pricing data for all three selected comparison countries in 2020, estimated U.S. net prices at the manufacturer level were about four times higher than gross prices in Australia and France and about 2.5 times higher compared to Canada (Ontario),” the report reads.

      “This important GAO study confirms what we all already know: the pharmaceutical industry is ripping off the American people,” said Sanders in a statement. “The time is long overdue for the United States to do what every major country on earth does: negotiate with the pharmaceutical companies to lower the outrageous price of prescription drugs.”

      France and Australia both have universal health care systems that cover prescription drugs, but Canada is the only country with universal health care that doesn’t cover prescription drugs. Still, even comparing retail prices for those without prescription drug coverage in the U.S. and Canada, prices ranged from two to eight times higher in the U.S., despite the countries’ similar lack of government assistance for drugs.

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

    • #420484
      djean111
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      • Total Posts: 6,036

      A couple of weeks ago I was told by a neurologist that taking B12 would be a great idea.  My primary care doctor read that, and swiftly prescribed B12 for me.  I did not even know she did that, just got a call from the pharmacy.

      My son picked it up for me, all I know is I had a prescription ready, did not know what she had prescribed.

      Turns out, because I have insurance, I paid over $8 for a bottle of 30 1000 mcg  pills, and not even the more expensive Methylcobalamin type, but the cheaper Cyanocobalamin type.  I can buy a bottle of 100 of those online or off the shelf at the same fucking store that filled the prescription for $10, same dosage, same cheaper Cyanocobalamin.  And that store is more expensive than any other store in my area.  Even cheaper online elsewhere.   I wonder what the insurance company paid, if my cost with insurance was almost three times more.  I will have a talk with my doctor on Monday; she managed to have me pay lots more for a lot less B12.

      Perhaps she is frustrated at not checking off enough pharma boxes, because  the only things on my official record are D3 – no prescription, I have always taken D3, cheap as chips, and gabapentin, which made my feet swell up like balloons and which I now understand can cause dizziness, memory loss, and muscle weakness, especially long-term, and it is prescribed very widely for nerve pain.  I threw it out, told the doctor to take it off my list, which she has not after two months, and am going to try feverfew.   Here is a NYT article about gabapentin.  Yes, the NYT is a shit source, but I figure if even a corporate news source reports this, I should consider it fairly true – oh, and evidently it is addictive.  But highly profitable.

      https://www.nytimes.com/2019/05/20/well/live/millions-take-gabapentin-for-pain-but-theres-scant-evidence-it-works.html

      America is not a country, it's just a business. (Brad Pitt, Killing Them Softly)

      Everything I post is just my opinion, and, honestly, I would love to be wrong.

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