The pharmaceutical business (NEW)

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H

Business Gesundheit & Medizin

The Pharmaceutical Business

Cost vs. Consumer

From Parlamento

Prices

From Parlamento

affect

From Parlamento

consumers

IMPACTS

Amount U.S. Pays for patented drugs
2003 compared to:
Switzerland
Britain
Germany
Canada
Sweden

France
Italy

58%
63%
73%
75%
87%
108%

118%

Source: Health Reform Program Calculations from Patented Prices Review Board reports (Trends in Drug Prices and
Expenditures tables) Based on formulary of 1,000+ patent drugs

Consumer Perspective on
Safety, Effectiveness & Cost

“A drug that one cannot
afford is neither safe nor
effective.”
-- Stephen W. Schondelmeyer
PRIME Institute, 1996

9

Is Healthcare too Expensive?

Implications of high costs of
drugs

Why drugs cost so much

Regulations

Limited
Competition

Lack of
Innovation

Brick and
Mortar
pharmacies

Inefficient
distribution
system

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24. THANKS FOR WATCHING