1. Lack of bargaining - Other governments bargain on behalf of
their citizens, which helps to keep costs down
2. High marketing costs - The U.S. allows drug companies to market
directly to consumers, which isn't legal in Europe. That means pharmaceutical
firms in America typically spend much more on marketing
3. No caps on costs - When you cap costs a pharmaceutical company
can't easily copy what Turing Pharmaceuticals did this year when it jacked up
the price of a 62-year-old drug some 5,000 percent
4. Opaque pricing - Figuring out how much a prescription
medication costs can be difficult because there is no database or other sources
of information that track increases in drug prices
5. Lack of rationing or denials - Americans want medical
treatment, regardless of the cost or outcome but other countries will reject
paying for medications if they believe the drugs aren't worth it
Source: CBS News
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