Commonwealth Fund January 4, 2024
TOPLINES
Prices for 10 drugs commonly prescribed for millions of older Americans are, on average, three times higher than prices in other high-income countries
Even after price rebates and discounts, Americans pay significantly more for brand-name drugs than people in most other countries — leaving room for further reductions in upcoming Medicare drug price negotiations
Americans pay more for brand-name prescription medications than do residents of most other countries, with per capita spending on pharmaceuticals nearly three times the average of other member nations of the Organisation for Economic Co-operation and Development (OECD).1 In 2022, high costs forced one of five U.S. adults age 65 and older to skip or delay filling a prescription, miss or reduce doses, or use...
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