Friday, January 29, 2021
Prescription Drug Prices in the United States Are 2.56 Times Those in Other Countries | RAND
Prescription Drug Prices in the United States Are 2.56 Times Those in Other Countries | RAND
Comment by Don McCanne
This current RAND study confirms that U.S. drug prices were 256 percent of drug prices in other countries, while brand name originator drugs were 344 percent of prices in other countries. Although these brand drugs represented 82 percent of U.S. prescription drug spending, they accounted for only 11 percent of U.S. prescription drug volume. High prices indeed.
The one positive note is that 84 percent of U.S. prescription drug volume is for unbranded generics, but it represented only 12 percent of prescription drug spending at manufacturer prices. However the large volume of low cost generics does not make up for the exorbitant prices of the brand name originator drugs. We are continuing to spend way too much on brand name drugs. Think of all of the television ads that you see for these expensive drugs.
Although the authors recommend further analyses of these relationships, it really is time to switch to government administered pricing which we could easily do by enacting and implementing a well designed, single payer, improved Medicare for All. Decades of relying on markets has just not been effective.
Tuesday, January 26, 2021
How to Win Medicare for All Under President Biden - In These Times
How to Win Medicare for All Under President Biden - In These Times
"... we have an opportunity to organize like never before to finally achieve a universal, single-payer healthcare system. Let’s seize it."
We can easily afford to include everyone in Medicare for All - PNHP
We can easily afford to include everyone in Medicare for All - PNHP: Share on FacebookShare on Twitter By Adam Gaffney, David U. Himmelstein, Steffie Woolhandler, and James G. Kahn Health Affairs, January…read more
Medicare for all would greatly reduce the administrative waste by eliminating the private insurers, saving hundreds of billions of dollars, plus prices would be set at a lower level - enough to cover costs plus fair profit margins.
Tuesday, January 19, 2021
Monday, January 18, 2021
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