Americans spend more on prescription drugs than other wealthy countries

As Americans grapple with the rising cost of medicines, a new analysis shows that the U.S. had the highest spending per capita among nearly a dozen other high-income countries.

Specifically, U.S. spending per capita on pharmaceuticals was $1,443, despite the fact that generics represented 84 percent of the U.S. market, the largest tally among the 11 countries that were examined.

The mean spending per capita was $749, according to the analysis, which was published in the Journal of the American Medical Association. Retail spending per capita was also highest in the U.S., at $1,026.

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Pharmaceutical companies argue that they need a ‘decent’ return on investment.

However, there is no law that requires pharmaceutical companies to prove what they spent on research and development.

@SzAdmin

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This is not surprising at all. Last month I spent $174 on prescriptions. And I’m not even on any of my pain meds right now.