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Why can drug manufacturers charge more for drugs in the United States than in other countries?...

Why can drug manufacturers charge more for drugs in the United States than in other countries? What is (are) the solution(s) for high drug prices in America?

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Answer #1

Answer- because of the following reasons drug manufacturers charge more for drug in United States than in other countries:

-Due to monopoly pricing.

- research cost of unsuccessful drugs.

- no agency set up for negotiation of drug price.

- complexity of U. S health care system.

-realxedrealxed direct to consume advertising regulations.

Following are the solutions for high drug prices on America:

- allow the government to negotiate drug prices.

-reduce or eliminate patent exclusivity loopholes.

- tie drug prices to drug effectiveness.

-govt. Control for crucial rare drugs.

-stop the rebate.

- increased competition

- greater transparency

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