Summary
Dear Savvy Senior: My wife and I pay $300 a month for prescriptions, and we simply can't afford to keep it up. Even with the new Medicare drug benefit, I will still end up paying a lot, out of pocket, for medications. My question is this: Why are drugs so expensive in this country versus Canada or Europe? What gives? - Medicated Marvin
Dear Medicated: Great question! One of the key reasons drug prices in the United States are the most expensive in the world is because every developed country, except the U.S., regulates the prices that drug makers can charge consumers.See the full content of this document
Extract
U.S. Does Not Regulate Drug Prices
The U.S. government has chosen not to do this, mainly because of effective drug-industry lobbying. Drug companies are one of the most lucrative sources of ca...
See the full content of this document
Sponsored links
