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I’m not an expert on the import/export side. When I used the term ‘pricing control’, I was referring to the systems that some countries (eg UK, Germany) have i
by mft_ 5y ago
I’m not an expert on the import/export side.
When I used the term ‘pricing control’, I was referring to the systems that some countries (eg UK, Germany) have in place for determining the price they’ll pay for a drug based on (roughly) the value it brings to patients. (The best known of these is probably NICE in the UK; it’s not a perfect system, but it’s a pretty good attempt.) Other countries in turn ‘reference’ their price from a number of similar countries including those with formal processes.
Broadly, this is why drug prices are controlled and lower in Europe vs. the US.
In the US, even where there are competing drugs in the same disease, there’s no pressure on prices - manufacturers can just keep on racking up their prices almost without a concern.
- roenxi 5y agoWell, ok. But the reason it costs more in the US is because it is illegal to go to Germany, buy drugs, ship them to the US & sell them. If that was legal, someone would do it and make bank. And it is the US that is responsible for those laws.
- herbst 5y agoI doubt that is legal anywhere tho. I for sure can't legally sell meds I imported from somewhere else.