What does it mean for Medicare to negotiate on drug prices?

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Could drugmakers have charged a billion dollars a pill before?

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Anonymous 0 Comments

Well let’s put it this way. I live in the UK. My wife has medication that she takes monthly. Due to the deal that the NHS has with Big Pharma, my wife pays £9.80 for a 3 month supply. That’s 90 pills.

The same drug, from the same manufacturer in the US you are looking at $63 dollars for a pack of 7. So in order to get 90 pills you would pay $810.

Now the cast to manufacture the drug is so low that they still make a profit selling it to the NHS at 10c per pill. They were able to negotiate better prices from the manufacturer because they buy in bulk. The average American who does not have the financial backing of a social care provider ends up paying $9 per pill.

There is absolutely no reason other than greed for the $8.90 difference. You guys are getting screwed big time by your country not having socialised Medicare.

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