The first thought to cross many American’s minds when coming to terms with a chronic illness isn’t whether they will live, but whether they – and their families – can financially survive.
In addition to lacking universal healthcare, the U.S. also has prescription drug prices that are on average 2.56 times higher than other countries around the world. That number increases to 3.44 when dealing with name brands, according to a study by RAND, a nonpartisan, nonprofit research organization.
“Brand-name drugs are the primary driver of the higher prescription drug prices in the United States,” said Andrew Mulcahy, lead author of the study and a senior health policy researcher at RAND, in a news release. “We found consistently high U.S. brand name prices regardless of our methodological decisions.”
While the health care discussion has dominated U.S. airwaves for years, the issue has become even more hotly debated during COVID-19 times.
The health crisis has not only disrupted insurance coverages, provider coverages, and public health, but has also brought to the forefront the racial and ethnic disparities that exist in the U.S. health care system.
Even prior to the global pandemic, U.S. healthcare spending reached $3.6 trillion in 2018, with 14% of that devoted to the purchase of prescription drugs.
A Cheaper Way
Biotech companies, such as EQRx, meanwhile, are researching ways to create and sell pharmaceutical drugs at lower costs, making them more affordable for everyday Americans.
EQRx announced earlier this year that it had raised $500 million in Series B financing, increasing its total funding to $750 million.
Denne historien er fra May 2021-utgaven av The BOSS Magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra May 2021-utgaven av The BOSS Magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
If I Only Had a Brain-Computer Interface - These medical miracles are changing what science thought possible
These medical miracles are changing what science thought possible. As Elon Musk once noted, How much smarter are you with a phone or computer or without? You're vastly smarter, actually. You can answer any question pretty much instantly. You can remember flawlessly. Your phone can remember videos, pictures perfectly. Your phone is already an extension of you. You're already a cyborg.
What's Your Flavor?
Personalizing food with the power of Al
MAKE THE MONEY LAST
OUTLIVING OUR SAVINGS IS THE NO. 1 RETIREMENT CONCERN. THESE ARE SOME WAYS TO OVERCOME THAT.
United Site Services: Procurement Progression
With their digital evolution underway, the portable sanitation powerhouse is rethinking their approach to procurement and sourcing - and change management is just one key to its success
Natural Selections
Balancing synthetic biology with sustainable materials production
OPEN MINDS
WHAT RESCHEDULING WILL MEAN FOR MEDICINAL CANNABIS RESEARCH
it takes a village
Revolutionizing multifamily living and bolstering property profitability
COLD CONFIDENCE
FOOD INDUSTRY FAVORITE FREZ-N-STOR IS GLIDING INTO A VERY CHILL FUTURE
WHAT CAN BOTS DO FOR YOU?
The dream of an autonomous supply chain
The Ultimate Integration
Rackspace Technology is propelling the industry forward with game-changing innovations in Cloud, Data Analytics, and Artificial Intelligence