Americans pay nearly three times more for prescription drugs than people in dozens of other countries, a new study shows.
Researchers analyzed 2018 data and found that prescription drug prices in the United States average 2.5 times more than in 32 other Organization for Economic Co-operation and Development (OECD) nations.
The cost of brand-name drugs is even more — an average of 3.4 times higher — in the United States than in other countries.
However, generic drugs are slightly cheaper in the United States than in most other nations. In this country, generic drugs account for 84% of drugs sold by volume but only 12% of drug spending, according to the researchers at the RAND Corp., a nonprofit, nonpartisan research organization.
Read more at NEWSMAX.
{Matzav.com}
