U.S. prescription drug prices under Inflation Reduction Act remain significantly higher than in high-income nations.

A Reuters review reveals that the U.S. government's newly negotiated prescription drug prices under the Inflation Reduction Act remain significantly higher—averaging more than double and sometimes five times—than prices in other high-income nations. Medicare's first disclosure of these prices indicates a projected savings of $6 billion in 2026. The U.S.'s willingness to pay more influences global pricing, benefiting pharmaceutical companies.

September 03, 2024
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