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 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.

Research conducted by

This report is part of the RAND Corporation External publication series. Many RAND studies are published in peer-reviewed scholarly journals, as chapters in commercial books, or as documents published by other organizations.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.