Patient Groups Raise a Voice Against Drug Costs in Europe

Two organizations representing patients have demanded a common system of price-fixing for new drugs in Europe.

Tired of the continuous debate over the increasingly high cost of medications, 2 organizations representing patients have demanded a common system of price-fixing for new drugs in Europe. The 2 organizations, the European Patients Forum and the European Organisation for Rare Diseases, have called for a common payment formula for all European nations, rather than have each nation develop it's own nationalized payment and reimbursement scheme. The thought behind the demand is that the united front presented by multiple nations would have a better bargaining power, which would reduce the drug developer's profits.

The groups want a radical new system to ensure patients have access to new medicines without compromising on the sustainability of healthcare systems.

Complete article on Politico: http://politi.co/1IW7H2F