I read this interesting MarketWatch article by Robin Feldman regarding why Americans pay more for drugs and I thought it was worth sharing.
Excerpts:
Consider Medicare, the U.S. health insurance system for people over the age of 65. Even accounting for rebates, spending by Medicare beneficiaries for brand-name drugs rose 62% between 2011 and 2015. Most of those over the age of 65 did not receive 62% more salary or pension over that period, so the steep rise in prices is causing people real pain.1
Pharmaceutical companies have willfully distorted the prescription-drug market, but nearly all health-care players are complicit. Disrupting such a lucrative, well-entrenched system requires several specific changes — and, above all, the political will to end business as usual.1
Click on the web link below to read the entire article:
https://www.marketwatch.com/story/why-do-americans-pay-more-for-drugs-2019-04-24
1. Source: MarketWatch article by Robin Feldman
https://www.marketwatch.com/story/why-do-americans-pay-more-for-drugs-2019-04-24
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