The Truth Behind High Drug Costs in the US: Revealed by Bernie Sanders
HealthHealth DisparitiesBernie Sanders exposes the disparity in drug prices between the US and other countries, shedding light on the struggles faced by patients due to unaffordable prescriptions. This article delves into the reasons behind the high drug costs in the US and the impact it has on individuals and the healthcare system.
Disparity in Drug Prices
⚖️Eliquis costs significantly less in Canada than in the US, despite both being profitable markets.
💰Pharmaceutical companies charge significantly higher prices for drugs in the US compared to other countries.
💊Pharmaceutical companies make a majority of their global sales revenue in the US.
💸All revenue from high drug prices in the US goes directly to pharmaceutical companies.
Impact on Patients and Healthcare System
😷Millions suffer or die due to unaffordable prescriptions
🏥High drug costs drive up insurance premiums and hospital expenses
🤑Pharmaceutical companies make billions in profits while patients struggle to afford medication
Case Study: Keytruda Pricing
👩🍳Rebecca, a school lunch lady, struggled to afford Keytruda for cancer treatment
💉Keytruda is priced significantly higher in the United States compared to Canada and Japan
💰Merck makes a profit selling Keytruda in Japan at a quarter of the price in the United States
Global Impact and Solutions
🌎Life expectancy varies among countries, with Canada having the longest.
🤝CEO committed to patient assistance programs and helping those in need.
💵Stelara's list price in the US is $79,000 per year.
FAQ
Why do pharmaceutical companies charge higher prices for drugs in the US?
Pharmaceutical companies make a majority of their global sales revenue in the US.
How do high drug costs impact insurance premiums?
High drug costs drive up insurance premiums and hospital expenses.
What is the price difference of Keytruda between the US and Japan?
Merck makes a profit selling Keytruda in Japan at a quarter of the price in the United States.
Why is Eliquis more affordable in Canada than in the US?
Eliquis costs significantly less in Canada than in the US, despite both being profitable markets.
What is the impact of high drug costs on patient care?
Millions suffer or die due to unaffordable prescriptions
How does the disparity in drug prices affect the healthcare system?
Pharmaceutical companies make billions in profits while patients struggle to afford medication
What is the list price of Stelara in the US?
Stelara's list price in the US is $79,000 per year.
Why is life expectancy higher in Canada compared to other countries?
Life expectancy varies among countries, with Canada having the longest.
How does the CEO plan to assist patients in need?
CEO committed to patient assistance programs and helping those in need.
What are the consequences of unaffordable prescriptions?
Millions suffer or die due to unaffordable prescriptions
Summary with Timestamps
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Bernie Sanders exposes the disparity in drug prices between the US and other countries, shedding light on the struggles faced by patients due to unaffordable prescriptions. This article delves into the reasons behind the high drug costs in the US and the impact it has on individuals and the healthcare system.
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