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Healthcare Upside/Down: US drug pricing with AJ Loiacono, CEO of Capital Rx
Manage episode 317587602 series 1758628
S1E8: US drug prices are the highest in the world with AJ Loiacono, CEO of Capital Rx, and host Dr. Nick. Based on a 2021 RAND study the US pays 256% more than the combined pricing of 32 comparable countries. These are not different drugs being sold in other countries and the utilization of drugs – how much we as patients or consumers take of these medications, is not substantially different across the different countries either. There are many reasons for this vast discrepancy here in the US. Even the US government – the biggest purchaser of healthcare and drugs has at least 5 different price books for every medication and the situation only gets more complex when you layer on federal and state programs. Your better pill to swallow is to engage in new models of supply for drugs, insist on transparency and don’t settle for the traditional position, “That’s just the way it’s always been done.” Seek out the disruption and new players in the supply chain who have left behind the old model of a steady and continued increase in costs. To stream our Station live 24/7 visit www.HealthcareNOWRadio.com or ask your Smart Device to “….Play HealthcareNOW Radio”. Find all of our network podcasts on your favorite podcast platforms and be sure to subscribe and like us. Learn more at www.healthcarenowradio.com/listen