$67 in France and $798 in US–Why Prescription Drug Prices Are so High in US

$67 in France and $798 in US–Why Prescription Drug Prices Are so High in US

Prescription drugs cost more in the United States than anywhere else in the world. President Donald Trump and some bipartisan senators want to change that. Trump has so far issued several actions related to prescription drug prices. The latest, announced May 12, is a Most Favored Nation Prescription Drug policy, requiring pharmaceutical companies to offer their lowest price to U.S. customers. An earlier order aimed to ensure that the middlemen i…

Avalere Health Experts React to the Most-Favored Nation Executive Order

On May 12, President Trump signed an Executive Order (EO) that directed drug manufacturers to reduce US drug prices to align with those paid in economically comparable countries, a concept known as international reference pricing or Most-Favored Nation (MFN). The EO outlines a series of near-term steps the federal government may take to make manufacturers lower their US drug prices. These include implementing a voluntary direct-to-consumer (DTC)…

HHS Sets Pricing Target for Trump’s Most Favored Nation Drug Price Model

Following President Trump's Most Favored Nation executive order, HHS and CMS have released the target price for pharmaceutical manufacturers to meet.