Posted by Michael Wonder on 07 Mar 2019
Forget about an international pricing index for drugs. Cost-effectiveness is a better bargain
7 March 2019 - To make medicines more affordable, President Trump insists that “foreign freeloading” must end.
He complains that other wealthy countries often pay less for the same drugs while the U.S. is unfairly forced to shoulder higher costs of underwriting pharma R&D. So the administration is pushing a plan to cap what Medicare pays for certain medicines based on prices charged elsewhere.
The idea is for Medicare to narrow that gap — and eventually lower costs by 30%
