Estimated Savings from International Reference Pricing for Prescription Drugs

Published in: JAMA, Volume 326, Number 17, pages 1744–745 (2021). doi: 10.1001/jama.2021.13338

Posted on RAND.org on December 09, 2021

by Andrew W. Mulcahy, Daniel Schwam, Preethi Rao, Stephanie Rennane, Kanaka Shetty

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Tying U.S. drug prices to an international reference price would have lowered 2020 US spending on selected prescription drugs by 52.3% or $83.5 billion, from $159.9 billion at US net prices to $76.3 billion.

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