The High Cost of U.S. Prescription Drugs
Prescription drug prices in the United States are significantly higher as compared to other developed countries around the world. This is a huge problem exacerbating the cost of healthcare in the U.S. currently and is worsening healthcare in many other ways such as decreased medication adherence. According to a KFF Health tracking poll conducted last year, roughly 3 of 10 Americans reported not taking their prescription medications as prescribed due to cost. Poor medication adherence as you know, often lead to negative health outcomes for patients, which we want to avoid. The U.S. also spends more per capita on prescription medications in a year compared to our other wealthy first-world country counterparts. Based on data from the Organization for Economic Cooperation and Development (OECD), which is comparing data from the U.S. and other comparable developed nations around the world, it was shown that in the year 2019 that U.S. spent $1,126 per capita on prescription medic