Half the new drugs hitting the market cost more than $220,000, while Big Pharma rakes in our cash.
By Senator Bernie Sanders
The American healthcare system is broken. Despite spending twice as much per capita on healthcare as the people of any other nation, nearly $13,000 per person, we have 85 million Americans who are uninsured or underinsured and more than 500,000 households who go bankrupt each year because of medically related bills.
Further, while insurance companies make tens of billions a year in profits, we have a major shortage of doctors, nurses, dentists and mental health practitioners. Even with decent insurance it is increasingly difficult for many patients to arrange timely visits with their doctors.
One of the reasons that our healthcare system is so broken and expensive is the outrageously high cost of prescription drugs. In the United States we pay, by far, the highest prices in the world for prescription drugs. Here are just a few examples of what we pay compared to other countries:
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