Why drugs cost more in America
Why drugs cost more in America

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How an EpiPen can cost $300 in the US and $38 in the UK. This video is presented by CuriosityStream: https://www.curiositystream.com/Vox Become a Video Lab member! http://bit.ly/video-lab Prescription drugs cost more in the United States than anywhere else in the world. One big reason why is America’s particular system for how drugs get to patients, which is unlike almost any other country’s. But it’s also because the American prescription drug market is so profitable that the money it generates powers the entire global pharmaceutical industry. Check out our other video, on how Americans got stuck with endless drug advertisements: https://www.youtube.com/watch?v=_5jnn1AIt7Q Check out more of Sarah Kliff’s reporting: https://www.vox.com/science-and-health/2016/11/30/12945756/prescription-drug-prices-explained And the Commonwealth Fund’s research on US drug prices: https://www.commonwealthfund.org/publications/issue-briefs/2017/oct/paying-prescription-drugs-around-world-why-us-outlier Vox.com is a news website that helps you cut through the noise and understand what’s really driving the events in the headlines. Check out http://www.vox.com. Watch our full video catalog: http://goo.gl/IZONyE Follow Vox on Facebook: http://goo.gl/U2g06o Or Twitter: http://goo.gl/XFrZ5H

Comments

Zinc CYanide : Yea yea just blame the rest of the world. Classic US way.

keem shakes : Wow somehow the Americans found a way to blame this on everyone else🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️

lopol dream : this video is brought to you by...pharma companies

James Armstrong : Wow. What a terrible conclusion. Some of the points you conspicuously missed out: * drug companies spend a lot more on marketing than they do on R&D * more than half of all the pharma R&D spending in the US came from the publicly-funded NIH * most new drugs that come out of private company research are simply me-too drugs, not real innovations at all * government-funded research is behind about 75% of new, genuinely innovative FDA approved drugs, which are then just handed over to the drug companies who reap the rewards * if they weren't making a profit from their deals with European countries, the drug companies wouldn't have accepted the deals in the first place In researching this did you just call up Pfizer's PR team and swallow their account hook, line and sinker?

Mark Chippendale : I was a bit surprised that you didn't mention the impact of the additional costs for US consumers as a result of massive advertising campaigns...

Alex J. Qeblawi : You seriously gonna end the video saying the whole world is making drugs expensive for Americans? Really Vox???!

Lucas Silva : Disapointing video... jumped out on a conclusion that just dont seem to be real. If the sales were not profitable everywhere else in the world, industry just wouldnt sell. Dont blame the world for internal affairs...

John George : Rest of the world: Congratulations America, you played yourself.

Alaa : This is a complete joke. Go fix your own problems. Don't blame it on the whole world for your corrupted government systems

AntiMessiah : That last line is so misleading ... It reeks of #America first policy. Just because you can't control your healthcare system, don't blame the world for it.

Nabil Eftekhari : Such and american conclusion. Closing the video saying American's subsidize the drugs for everybody else.

Steve Caskey : I think assertion that the US is somehow subsidizing other countries prescription drugs seems suspect at best. Drug companies do quite well when Nations buy their products for their citizens. Usually Vox doesn't fall off the rails this far.

gaspodewb : one thing missing from that is that a lot of the research is done by US universities and not by the drug company themselves.

Rory Jenns : That is so misleading to boil down America's problem for high drug prices by blaming the rest of the world. Just because the US system can be exploited by companies doesn't mean that the world is wrong for PROTECTING THEIR CITIZENS. America's system is being Exploited because the American government lets it, and people wonder why americans are anti-government. This whole video was great, until you failed to accept that the issue for America is America. Only America.

FreeKnowledge98 : "prescription drugs are move expensive in the US because they're cheaper everywhere else" Yeah. keep telling yourselves that. *rolls eyes*

Lashan : If you want to blame the rest of the world for your corrupt and broken system where getting sick or being born with illnesses is enough to send you bankrupt, while also conveniently ignoring not-for-profit organisations or government-funded research institutions (CSIRO in Australia for example) or literally any other entity other than US big pharma then be my guest. But this video is extremely narrow-minded and misleading because of it. Poor form from Vox.

qswaefrdthzg : Because I guess the ungodly amounts of money spent on PR by drug companies in the US are also necessary???

Alfred Lee : The framing of the closing argument sounded more like political rhetoric rather than research based. I expect better from Vox. Please redo this video

RanochVTX : Im sure publicly traded pharma companies lobbying and dirty politicians have nothing to do with it. Rolls eyes

Connor Ross : Acctually an EpiPen is only £8 in England, free in Scoland, Wales and NI. And free UK wide if you... are 60 or over are under 16 are 16 to 18 and in full-time education are pregnant or have had a baby in the previous 12 months and have a valid maternity exemption certificate (MatEx) have a specified medical condition and have a valid medical exemption certificate (MedEx) have a continuing physical disability that prevents you going out without help from another person and have a valid MedEx hold a valid war pension exemption certificate and the prescription is for your accepted disability are an NHS inpatient

Richie Richer : "drug companies are for-profit-organisations" Still your conclusion is that's its basically the fault of the rest of the world?

Bryan Coronel : This video completely fails to mention how US citizens also subsidize the "research and development" of some these drug companies. But they reap any of the benefits like low pricing. All the profits go to big pharma

TheGreat Gatsby : India upheld a compulsory licence of Bayer's cancer drug Nexavar, effectively allowing generics firms to copy a patented drug, reportedly bringing the price down from more than $5,500 (£3,540) per month to $175 (£112). Both rulings are landmark cases, vehemently criticised by both Big Pharma and major drugs-producing countries. Crucially, India broke no rules. Its verdicts are allowable under TRIPS – it's just that no country had previously dared try it.

inimalian : This is a disappointing video. Not up to par with the usual standard of quality at Vox. I would like to see more research for the conclusions drawn.

Falmer : This is a terrible video. It's a rehash of old tired arguments pushed by industry lobbyists that have been proved wrong years ago. The argument on access to drugs falls apart when you look at continental European medical systems. The UK has been under-investing in its system for close to half a century and it's a bad-faith example of a single payer system. This argument also willfully ignores that should you want a treatment that isn't covered by your single payer system, you can just pay for it like consumers do in America. I'm myself considering doing that for stem cell therapy injections in my knee (It's still significantly cheaper than in the US). The argument about the cost of research falls apart when you look at the academic research that has been done on the topic in recent years. Even The Economist (not exactly your most strident critic of capitalism) has been arguing about taking research out of the private companies to improve its cost efficiency. The only thing American consumers support is the fat profits, cushy jobs, and insane marketing expenses of drug companies. As an oncologist, my dad gets invited at least once a year to far away conferences in Mauritius, the Seychelles... Please do real research next time, like for your other excellent videos.

Your name here : this could've been a 2 second video where the word GREED stayed on the screen

Mohsen M. Amrei : The right answer is that we are dealing with some thieves that are getting profits out of others misery.

SleepyCatGamer : Everything was spot on untill the end... Blaming the rest of the world for America's problems... America's favourite sport.

Karthikeyan Jayachandran : Thanks to all Greedy Capitalists in US, medical system is run for PROFIT instead as a SERVICE to humanity. That's not how we Humans started. Ancient medicine practitioners weren't crazy on money.

redweasel : Its gives me hope reading the comments, Americans aren't as stupid as we sometimes look, smh. Now we gotta follow the French and revolt, VIVA LA REVOLUCION!!!

MTMR 24 : You forgot about the NHS in the UK. If you are a certain type of person (like under 16 for example) you get medicine for free. Edit I made a mistake. Most European countries also have NHS it's just that I forgot to mention that.

Joe MacLeod-Iredale : It seems barbaric from a non-us perspective that people can’t afford essential drugs; paying for them through the tax system feels so much more just.

multifutzy : If pharma companies could charge patiens in the rest of the world as much as they could, they still would charge the us patients as much as they could, that's the basic principle of capitalism

Shalz : US healthcare sucks... and apparently that is the rest of the worlds (with working healthcare) fault. Nice one! :)

Mu Effe : Vox just went full Onion. Only The Onion can do this. This is capitalism at its finest. Why Blame prudent govt for looking out for their citizens.

CapuletRose : Wtf 😂 yeah okay America it’s our fault

Trover19 : Video: “In the UK, it’s $38.” Me: Damn that’s expensive! Video: “In the US it’s $300.”

Yusuf Umar : Why does Ben Shapiro has his own segment on Vox?

Jeremiah Judiana : I personally think this is a good video although it has some questionalbe conclusions. Keep up the good work

philophos : Thank you, America. But seriously, for your own sake, elect someone who won’t let the drug companies rip you off.

imsrini : OMG ! The whole world is taking advantage of the U.S.A when it comes to drug prices ! Someone please tell the President ! 😂

soid drone slayer : TOP 10+ "BIG PHARMA" Companies in the US Pfizer Johnson & Johnson Merck & Co Wyeth Lilly Bristol-Myers Squibb Amgen Abbott Laboratories Schering-Plough Genentech Baxter International

snaavs : Eventually we'll have to stop saying "in almost every developed country besides the US..." and start to realize the US is no longer in the list of first world nations.

Lilac Lizard : Why no comment on Australia? Australia has a hybrid system, so standard system is the same as the UK, BUT if it passes the safety stage, but the "worthwhile" stage is assessed as no, then it's available as what's called a "private prescription", where you pay the full cost, but you can still choose to buy it. That full cost is STILL lower than the US too! For example, if you don't have an anaphylaxis diagnoses but want to buy an epi-pen (common for daycare centres, schools etc to do), then you pay $100, instead of the standard $39.30 (or $5.50 for pensioners), so still much cheaper than the US, even when we're paying the "full cost". I don't know who negotiates that down/why that is, many private insurers here do cover the costs of private prescriptions, so maybe they have negotiated it? Whatever the case, it should be possible for all countries to be doing the hybrid system for safe drugs.

Rakasiwiii fiddihaq : No, many (not all) drug reserch fund by public money and some even involved university to reserch it. But still pharma comp make more dollar out of it

Richard Hall : I fixed the problem!!! @ 3:11 Developing new drugs isn’t cheap, and these are for profit companies. Eliminate the positions making profits, and publicly fund the production of medication. BOOM, problem solved! No profit motive, no price gouging.

C Kyle : (((Big Pharma))) The top 5 richest Big Pharma CEOs are Jews. There’s your answer as to why.

mlc449 : I've had you all wrong Muricastan. Turns out you've been subsidising my healthcare for all my life. Thanks Yanks. Sincerely, A non-Murican who will never die from being unable to afford healthcare treatments. 👍

blackswan1983 : No mention of raising the prices of old medications just because they can? Was this video sponsored?