The theory is, if Sweden is paying $100/month for Ozempic and the US is paying $1000/month and with this new executive order about price negotiation is effective and the US cost is reduced to $200/month then the drug companies will negotiate higher prices in Sweden and elsewhere to keep up their profits
I agree with the concept, most if not all the drug prices US Consumers pay are multiple times higher than the rest of the world pays for the same drugs, plus we allow drug companies to advertise when most other countries do not
Europeans love to bash U.S. healthcare, even though they are ignorant about it, but I don't see them ever being forced to come to that conclusion.
There are other counties that have not approved drugs like Ozempic for weight loss. I figure for good reason.
Imagine the money they make in America off that stuff.
Designer drugs are all pharma cares about anymore. Getting people hooked on them at their government run “doctor” offices makes a lot of money.
I think the idea is that if Sweden is at $100 and US is at $1000, Pharma will raise Sweden to $300 so they can charge the US $300 based on the lowest price.