The U.S. government's first-ever negotiated prices for prescription drugs are still on average more than double, and in some cases five times, what drugmakers have agreed to...
-The U.S. government's first-ever negotiated prices for prescription drug s are still on average more than double, and in some cases five times, what drugmakers have agreed to in four other high-income countries, a Reuters review has found.
A 30-day supply of nine of the 10 drugs will cost $17,581 for Medicare in 2026, compared with $6,725 in Sweden this year. Comparable prices were not available for the 10th drug, Novo Nordisk's insulin Novolog. Bristol Myers said pricing was country specific and depended on national health systems and their regulatory policies, while Merck said it was not valid to compare U.S. prices to overseas generics. Amgen declined to comment and the others drugmakers did not respond.
"If you've got one of your buyers who's willing to cover your sunk costs, plus some of your ongoing costs," selling more volume to others, even at lower prices, can still be profitable, he said. Other countries already have multiple options. Sweden's price for a 30-day supply of an Enbrel biosimilar is $709, compared with Medicare's newly-negotiated price of $2,355.
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US will still pay at least twice as much after negotiating drug pricesThe U.S. government's first-ever negotiated prices for prescription drugs are still on average more than double, and in some cases five times, what drugmakers have agreed to in four other high-income countries, a Reuters review has found.
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