Why Americans pay so much for brand-name drugs

By Admin, April 12, 2013

why-americans-pay-so-much-brand-name-drugs

Prescription drugs are more expensive in the United States than in any other developed nation. In 2003, pharmaceutical purchases made up 11 percent of total US healthcare spending, and the amount continues to rise. While these costs hit consumers hard, health systems also feel the pinch, spending more on drugs than any other supply expense. What are some of the reasons behind the astronomical cost of pharmaceuticals, and are there any steps the government could take to make drugs cheaper to US buyers? Check out this interesting graphic from Medical Billing and Coding Certification and give us your opinion.

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