PJP - Dark Clouds On The Horizon For Big Pharma

• According to the most recent healthcare report from the OECD, prescribed medicines here in the United States cost $1025.60 per capita, where the average per capita spending in the developed countries of the OECD is only $567.70.
• According to the same source, we spend $10,966 per capita on healthcare here in the United States versus a comparable country average of $5697 per capita elsewhere.
• 19 million adults importing medications from Canada or other countries. 8% of the population.
• The US spends 514 billion per year on Pharmaceuticals. With over $174 billion of that coming from Medicare, Pharmaceutical Companies' margins would be crushed.
• Pres. Biden stated in January that within 12 months, Medicare, and Medicaid through HSS would be negotiating pharmaceutical pricing.

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