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Ozempic cost by country

Allan

Allan

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Novo Nordisk just announced that the price for Ozempic will be cut in half to $500 per month. That's still too high.

Here's what people pay in other high income countries...

France $83.00
Australia $87.00
UK $93.00
Netherlands $103.00
Japan $169.00
Canada $147.00

Each of the countries above negotiate pricing directly with the manufacturer.

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Yes, we need to stop subsidizing the drug costs of other countries.
 
Taylor said:
Yes, we need to stop subsidizing the drug costs of other countries.
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You need to stop parroting bullshit you hear on AM radio, that's what you need to do. If you think drug companies sell drugs in other companies at less than a profitable price, you probably paid too much for the Kool-Aide too.
 
Taylor said:
Yes, we need to stop subsidizing the drug costs of other countries.
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Thats about as dumb as claiming Canada at $147.00 is subsidizing France at $83.00.

Besides the national procurement that those other countries engage in here's what's also happening:

Novo Nordisk political donations 2024:
US: $700k
Canada $0.00

Think about the ramifications of this. A foreign pharmaceutical corporation is bribing the US government to allow them to gouge American patients, and you're running interference for them.
 
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Taylor said:
Yeah, we do.
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Are you seriously saying that drug companies sell drugs in other countries at a loss and recover the difference in the USA? Do you really believe that?
 
Allan said:
Even the "we subsidize research" falls flat here as Semaglutide was developed in Europe.
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Thats not true. Novo is a european company, but semaglutide was developed with a lot of US participation, and the funding came from Novo's insulin sales from the US, which is where most companies realize the majority of their profits.

Its not unreasonable to claim that the US funded the development of semaglutide and other GLP1s (especially given the size of the T2DM market here)
 
Taylor said:
Yes, we need to stop subsidizing the drug costs of other countries.
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But I thought Trump had already done that with his order that the US will be given favored nation status for drugs? The truth is his order did nothing because it is voluntary and drug prices will be going up because of tariffs. Even the few good things Trump does are nothing but lies and he is getting paid off by big Pharma.

HHS, CMS Set Most-Favored-Nation Pricing Targets to End Global Freeloading on American Patients

https://www.hhs.gov/press-room/cms-mfn-lower-us-drug-prices.html
 
Quag said:
Can you back that up with actual facts not BS conspiracy theories from fasicst anti American scum?
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Yeah, I don't watch Ms.NOW.
 
Stealers Wheel said:
Trump says he will slash drug costs by 1500%. You support that, right?
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He lied and his order to for pharma to do that was totally voluntary and surprise the drug companies are not going along with it. The also spend twice as much on advertising as they do research.
 
Taylor said:
Yeah, I don't watch Ms.NOW.
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Knew you couldnt back up the false claim. Also know you will continue to repeat that falshood

Dishonety is the norm for MAGA after all
 
Threegoofs said:
Thats not true. Novo is a european company, but semaglutide was developed with a lot of US participation, and the funding came from Novo's insulin sales from the US, which is where most companies realize the majority of their profits.

Its not unreasonable to claim that the US funded the development of semaglutide and other GLP1s (especially given the size of the T2DM market here)
Click to expand...
This is a stretch.
 
iguanaman said:
But I thought Trump had already done that with his order that the US will be given favored nation status for drugs?
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Novo Nordisk obviously didn't get the memo because Americans are paying 500% more than the French for Semaglutide.
 
Allan said:
Novo Nordisk just announced that the price for Ozempic will be cut in half to $500 per month. That's still too high.

Here's what people pay in other high income countries...

France $83.00
Australia $87.00
UK $93.00
Netherlands $103.00
Japan $169.00
Canada $147.00

Each of the countries above negotiate pricing directly with the manufacturer.

​

Click to expand...


If you pay for prescriptions in Canada. Many of us don't and where we do they are heavily subsidized.
 
Taylor said:
Yes, we need to stop subsidizing the drug costs of other countries.
Click to expand...


The cost to manufacture that months worth of Ozempic is I believe around $5.

I expect the development costs have long been recovered as well
 
Allan said:
Novo Nordisk obviously didn't get the memo because Americans are paying 500% more than the French for Semaglutide.
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Like I said the EO made price matching totally voluntary and what do you think the drug companies are doing? Nothing. The EO was a big nothing. Trump call out the national guard in DC when crime there is actually way down and his EO on drug prices is toothless.
 
Lord Tammerlain said:
The cost to manufacture that months worth of Ozempic is I believe around $5.
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So long as a you have a spare manufacturing facility lying around and don't have to advertise or ship or pay regulatory costs, taxes, etc.

Lord Tammerlain said:
I expect the development costs have long been recovered as well
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What about all of the other drugs they're researching, or the many that never made it to market?
 
holbritter said:
No we don't.
We subsidize research. Don't fall for trumpy's spin on it.
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Research is part of the cost of the drug. If you subsidize research, you're subsidizing the cost of the drug.
 
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