Key Takeaways
- Medicare-negotiated drug prices in the U.S. are much higher than those in other rich nations, with the exception of Stelara in Germany
- The peer group in this analysis includes: Australia, Austria, Belgium, Canada, France, Germany, Japan, Netherlands, Sweden, Switzerland, and the UK
Why the prices for Medicare are so high?!
I can understand that labour and rents are high in America so the production cost for drugs should be higher but the same is also true for other rich nations.
I compared Eliquis price in US to that of India and I can't believe it only costs around $12 $15/30 pills (prescription for 1 pill daily making it par for 30 day supply.)
These high prices for pills like Eliquis or Apixaban make no sense to me because these are largely exported to the US from India.
Indian pharmaceutical companies supply nearly 47 per cent of the generic medicines for the American patients and contribute significantly to the country’s healthcare savings. Source 🔗
If you're still thinking that the prices might be high due to tariffs or something else, there's no tariff and whatever else as imposition on medication supplies to USA from India.
In recent tariff saga, Trump did announce a 25% tariff on medicine imports from India but it was taken back very soon.
Now who's actually pickpocketing on US people? Is it pharma industry or the government?