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Drug Prices Comparison

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Posted by Togore on 2022-12-28

In Australia and France, prescription drug pricing was nationally regulated and prescription drug coverage was universal; thus, consumers' out-of-pocket costs within these countries for each drug were generally less varied.

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For example, in Australia, consumers typically paid one of two amounts for prescription drugs—either about 5 or 28 U. In the U. For example, for one drug in GAO's analysis, considering only a few coverage options, consumers' out-of-pocket costs in could have ranged from a low of about 22 to a high of Click at this page. GAO provided a draft to the Department of Health and Human Services for review and incorporated the Department's technical comments as appropriate.

While spending on prescription drugs continues to grow worldwide, studies indicate the U. However, various factors—such as country-specific pricing strategies, confidential rebates to payers, and other drug prices comparison concessions—may obscure the actual prices of prescription drugs. GAO was asked to review U. This report 1 examines how prices at the retail and manufacturer levels in compariso U.

The federal government is a major purchaser of prescription comparisin, both directly through federal agencies, such as the Department drut Defense DoDand indirectly through federal health insurance programs, such as Medicare Part D. In this report, the Congressional Budget Office describes how the prices of brand-name prescription drugs are determined in different federal programs and compares drug prices among those programs in CBO computed the average price of those drugs per standardized prescription—a pricess that compariso corresponds to a day supply of medication.

CBO also compared the prices of specialty drugs from the sample of top-selling drugswhich treat chronic, complex, or rare conditions, frequently have high prices, and may require special handling or patient monitoring. Those comparisons of average drug prices among federal programs do not indicate how prices would change if the method of determining coomparison in one program was extended to other programs.

In such a scenario, drug manufacturers would very likely alter their price negotiations with purchasers in ways that could affect the prices in all federal programs and in the drug prices comparison sector. View Document.

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Andrew W. This research was funded by the U. RAND reports present research findings and objective analysis that address the challenges facing the public and private sectors. All RAND reports undergo rigorous peer review to compaison high standards for research quality and objectivity. This document and trademark s contained herein are protected by law.

This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged.

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RAND's publications do not necessarily reflect the opinions of its research clients and sponsors. Read Online. Research Questions What are the differences in drug prices between compariskn United States and other countries?

This report provides findings related to international prescription drug price comparisons, noting that drug prices in the United. It's uncommon for customers to compare prices online for prescription drugs. In fact, a national survey showed that only 11% of customers.

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