The United States spends almost $1,000 per person per year on pharmaceuticals. That’s around 40 percent more than the next highest spender, Canada, and more than twice as much as than countries like France and Germany spend. So why does the U.S. spend so much? Is it because Americans take more medicines or because they pay higher prices? Can Americans afford the drugs they need? And will the Affordable Care Act change anything?
This is a very interesting article so I encourage you to click on the source to see the whole thing. For that reason I am only giving you a brief additional words. It sounds like there are multiple reasons why we spend so much more on drugs than the rest of the world. In a nut shell here are some of the reason I gleaned from the article:
- Overall we are less healthy due to a lifestyle choices and our methods of applying healthcare.
- We have more money to spend than most others and we spend it on drugs, both legal and illegal it seems.
- The same drugs cost us 50-60% more on average than anyone else.
- Drug companies get a much higher profit here than in most of the rest of the world.
- We are more neurotic than the rest of the world.
It seems obvious that this list is also the reason why our overall healthcare costs are also so much higher than the rest of the world. That and our insistence that we will not implement universal single payer healthcare as much of the rest of the world has long since accomplished.