RAND study: US prescription drug prices significantly higher than in other countries

Prescription drug prices in the United States are an average of 2.56 times higher than those seen in 32 other nations, according to a RAND Corporation report.The price gap was even bigger for brand name drugs — 3.44 times higher — researchers said. However, generic drug prices in the U.S. were 84% of the average paid in other nations.“For the generic drugs that make up a large majority of the prescriptions written in the U.S., our costs are lower,” Andrew Mulcahy, PhD, a senior health policy researcher at RAND Corporation, said in the release. “It’s justRead More

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