Big Pharma Charges Up to 10x More for Drugs in US than in Other Countries
Alex Pietrowski, Staff
Waking Times
There is one important factor which makes the United States (US) a very lucrative market for Big Pharma – inflated drug prices. Big pharma generates about $250 billion+ per year in sales of prescription drugs in the United States alone. This isn’t just because of the sheer amount of people in the US population who take prescription medications for some ailment or condition. What makes the US one of the most lucrative markets for Big Pharma is that drug companies are charging up to 10 times as much for pharmaceuticals when compared to other developed countries.
Below is a chart offering data from the 2013 Comparative Price Report published by the International Federation of Health Plans.