Government Intervention in Prescription Drug Costs: Testimony on Ozempic and Wegovy
Understanding the Price Disparities of Ozempic and Wegovy
Wegovy and Ozempic have become household names in the diabetes and weight loss medication landscape. However, the stark price differences between the U.S. and countries like Germany have ignited conversations on the role of government in managing costs.
Price Comparison and Government Role
- The CEO of Novo Nordisk is set to testify about pricing.
- Ozempic is priced at $969 in the U.S. but only $59 in Germany.
- Wegovy costs $1,349 domestically compared to $140 overseas.
The Future of Prescription Drug Pricing
As negotiations begin for Medicare drug pricing, the potential for expanded government involvement raises significant questions. Will this lead to more affordable medications for patients? With lawmakers divided, the outcome remains uncertain.
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