Many countries use external reference pricing to help determine drug prices. However, external reference pricing has received little attention in the US—perhaps because the US is often the first ...
A new study found that prices for brand-name prescription drugs averaged 3.2 to 4.1 times higher in the US when compared with prices in the United Kingdom, Japan and the Canadian province of Ontario.
External reference pricing (ERP), a frequently implemented pricing policy, seeks to rationalise prices and contain costs by using foreign prices as reference for the determination of domestic prices ...
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