Why US pays more for drugs than other countries

"Kristin Svanqvist, left, heads reimbursement at Norway's state health system, which pays for most prescription drugs in the country, controlling prices in part by weighing cost-effectiveness. Helga Festoy, an economist at the state health system, says it is 'working quite well"

http://www.wsj.com/articles/why-the-u-s-pays-more…

6 Comments
 

Most developed countries negotiate with pharmaceutical companies and make them compete against each other. This allows them to get the best prices for their citizens. I believe that there is legislation in the US that prevents the government from being authorised to do this.

 
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