Why do foreign countries pay less than the U.S. for prescription drugs?
Share Now on:
President Donald Trump said last week he is working on an executive order that would require drug companies to charge the U.S. government lower prices, comparable to what some other countries pay. He dubbed it a “favored nations” clause, something often seen in trade agreements, where the seller agrees to give the buyer the best price it gives any customer. There are few details about the proposal. But the president raised an interesting question: Why do some other countries, like Canada and Germany, currently get a better deal on drug prices than the U.S., and what can be done about it?
Click the audio player to hear the full story.
News and information you need, from a source you trust.
In a world where it’s easier to find disinformation than real information, trustworthy journalism is critical to our democracy and our everyday lives. And you rely on Marketplace to be that objective, credible source, each and every day.
This vital work isn’t possible without you. Marketplace is sustained by our community of Investors—listeners, readers, and donors like you who believe that a free press is essential – and worth supporting.