Americans have come to face the harsh reality that health care isn’t cheap. Prescription medications are no exception. On average, Americans pay $983 per year for their prescriptions. In fact, Americans pay up to 100 percent more on medications than any other country in the world. How can that be? The answer lies in the overwhelmingly high costs of research and development. Take a look at this infographic from Clarity Way to learn to learn the true cost of prescription medication.
The disparity between prescription prices in the U.S. and other countries is prominent. There are several reasons for this price gap, including:
Cost of Research
The United States is the most active pharmaceutical research and development center in the world. Eighty percent of research and development is done in the United States. It costs the country $4 – $11 billion to develop a new drug; this cost is one prominent reason why prescription costs are so high for American citizens. They foot the bill for a significant amount of pharmaceutical research and development.
While Americans pay pricey costs for their medications, the availability and variety of these medications actually makes patient save on other health care costs in the long run. Patients with conditions like hypertension, heart failure and diabetes benefit greatly from prescriptions. As a result, the high cost of prescriptions in the U.S. is one disadvantage among a number of benefits compared to other countries —primarily reliable access to these prescriptions.
Infographic by Clarity Way Rehab Center
Author: Savannah Marie – concerned citizen