Fact of the Week: If Drug Price Controls Were Lifted Throughout the OECD, the Number of new Treatments Available Would Increase 9 to 12 Percent by 2030

John Wu June 18, 2018
June 18, 2018

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If other countries paid their fair share for novel medicines, we’d all have more of them. New research from Precision Health Economics finds that if government price controls in non-U.S. OECD countries were lifted, the number of new treatments available would increase by 9 to 12 percent by 2030 (equivalent to 8 to 13 new drugs in that year), potentially increasing the life expectancy of the average American 15-year-old today by 0.8 to 1.6 years.