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American Spending on Top 20 Drugs Nearly
Doubles the Rest of the World Combined

Original Article

Posted By: earlybird, 10/2/2021 4:43:34 PM

The United States outspent every other country in the world combined when it came to the top-selling 20 pharmaceutical drugs, according to a recent analysis of company financial filings by Public Citizen. Americans spent a total of $101.1 billion, while the rest of the world spent $56.8 billion, on the top 20 drugs. The key findings of the analysis report (pdf) indicate that U.S. consumers overpay for drugs, and do not necessarily intake more than people from other countries. The best-selling 20 drugs brought $157.8 billion in total global revenue for pharma companies with the U.S. accounting for 64 percent of the revenue pie.

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And we all love those “come on” ads...

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Reply 1 - Posted by: DVC 10/2/2021 5:08:39 PM (No. 933138)
The rest of the developed world has used their socialist government power to control drug prices. The problem with this is that it crushes innovation. The US consumer is funding R&D for the whole planet because we don't have price controls, and since the rest of the world is massively underpaying, we are charged to make up the difference. The US medical insurance industry makes things worse, too. Unfortunately, the big pharma companies have managed to corruptly capture control of the CDC and FDA, etc. and now these agencies, instead of protecting the consumer from dangerous drugs, are protecting the companies from low profits, in addition to doing the political bidding of leftists. At this point, CDC and FDA are entirely untrustworthy. Nothing that they put out can be trusted. It is either purely political, or corruptly biased towards the big drug companies' benefit, facts and consumer benefits are just gone. Horrible situation. I don't see how we can ever trust CDC and FDA again.
15 people like this.

Reply 2 - Posted by: pros7767 10/2/2021 5:17:42 PM (No. 933141)
Or any of the 3 letter agencies at this point, #2.
12 people like this.

Reply 3 - Posted by: ControlFreak 10/2/2021 5:34:50 PM (No. 933146)
The article requires registration. No thanks.
13 people like this.

Reply 4 - Posted by: red1066 10/2/2021 6:55:27 PM (No. 933167)
The truth is U.S. citizens over pay for drugs compared to the rest of the world. It's that extra money coming from U.S. citizens that enables the other countries to provide the same drugs for less.
5 people like this.

Reply 5 - Posted by: earlybird 10/2/2021 7:19:02 PM (No. 933184)
Re #4, they don’t sell your information or even give it away… I found conservative ET a very worthwhile reward for registering. The only trustworthy and comprehensive news outlet.
4 people like this.

Reply 6 - Posted by: downnout 10/2/2021 8:30:08 PM (No. 933208)
It’s because we’re subsidizing the rest of the world. And do we ever hear “Thank you”….no.
6 people like this.

Reply 7 - Posted by: Ribicon 10/2/2021 8:35:29 PM (No. 933209)
Big Pharma sells their drugs in the USA at a huge markup, then sells the same drugs at deep discounts to other nations. President Trump tried to put a stop to it, which is why Big Pharma aligned with the Bidet junta to oust him. Good Americans enjoy being screwed by corporations, calling it The Free Market when it's anything but.
5 people like this.

Reply 8 - Posted by: Mushroom 10/2/2021 9:13:13 PM (No. 933222)
Same article: https://americanfaith.com/americans-spending-on-top-20-drugs-nearly-doubles-the-rest-of-the-world-combined/
2 people like this.

Reply 9 - Posted by: MDConservative 10/3/2021 11:24:23 AM (No. 933620)
The list is all "name brands"...and that should tell one something. americans pay becasue they can. The insurance company is a middle man payer, who skims the vigorish while writing checks for their partners in crime.
0 people like this.

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The United States outspent every other country in the world combined when it came to the top-selling 20 pharmaceutical drugs, according to a recent analysis of company financial filings by Public Citizen. Americans spent a total of $101.1 billion, while the rest of the world spent $56.8 billion, on the top 20 drugs. The key findings of the analysis report (pdf) indicate that U.S. consumers overpay for drugs, and do not necessarily intake more than people from other countries. The best-selling 20 drugs brought $157.8 billion in total global revenue for pharma companies with the U.S. accounting for 64 percent of the revenue pie.
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