> Generally speaking, the US government demands most favored pricing and gets it. No way we would pay more than France.
I though the US government, except for the VA, was "not permitted to negotiate prices of drugs with the drug companies" due to Medicare Part D. (Quoting https://en.wikipedia.org/wiki/Medicare_Part_D#Criticisms .) Was that prohibition removed?
If it's still there, then wouldn't that prevent the US government from demanding most favored pricing, as that would be a negotiation.
I was referring to the hypothetical cases where the Federal government does negotiate.
My guess is they do not because hey would put companies out of business and impact many countries.
Probably depends on the cost of medication to begin with. My HBP medication is like 25 cents a pill even without insurance. I figure it can't really go much lower than that given that all those folks at the pharmacy need to be paid. Now if something is $25 a pill, there's definitely more room for negotiation.
Generally speaking, the US government demands most favored pricing and gets it. No way we would pay more than France.
Europe does better because they have the ability to prevent sale of a drug and the drug company can just raise the price in the US. If the US gets in the game, I would expect European prices to spike, especially in smaller countries.