The prescription drugs in the United States are ranked the most expensive. This is as per a report that was published this week. The average cost of medications in the US exceeds the worldwide median price by around 300%.
Medbelle, a digital healthcare provider in the United Kingdom conducted a study that revealed substantial differences in drug prices prescription globally.
The most expensive countries for vital medicines are the United States followed by Germany and the United Arab Emirates (UAE). The cheapest countries for prescription drugs are Kenya and Malaysia.
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A press release revealing the results of the study said, “The medications chosen for comparison span a variety of common conditions: from heart disease and asthma to anxiety disorders and erectile dysfunction.”
Adding, “The average prices of both the brand compound and their generic versions were included in order to have a complete profile of each medication.”
There is quite a long list of potentially life-saving medicines that are extremely expensive in the US in comparison to the rest of the world.
Cholesterol and cardiovascular drug Lipitor is 2,175% more expensive in the US in comparison to the global median. The same is the case for Zithromax, Xanax, Insulin and other medications.
Daniel Kolb, co-founder and managing director at Medbelle said, “Americans pay around five and a half times more than the global median for life-saving [insulin].”
Adding, “To put it into perspective, imagine if an everyday item like a gallon of milk cost $3.50 in Canada, but $22.85 across the border in the US.”