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dRUG pRICING

Conversations About Drug Pricing

QuestionAnswer
What are the two big markets for drug makers today? US and Europe
Which market tends to be a little easier to get drugs approved? Europe
What does US Medicare tend not to cover? outpatient drugs
What medicare plans do cover out of hospital drugs? Medicare D
Who do drug manufacturers negotiate with to determine the market price of a new drug? insurance companies
What factors determine the cost of a drug? the cost of research and development of the drug plus others before it that were not viable
What factors drive up cost? Drugs that are unique- cure a high-profile disease
What factors drive down cost? Competition from other drug makers, patent expires allowing generics to be made.
Created by: russcrick
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