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

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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