About PhRMA
The Pharmaceutical Research and Manufacturers of America (PhRMA) represents the country’s leading innovative biopharmaceutical research companies, which are laser focused on developing innovative medicines that transform lives and create a healthier world. Together, we are fighting for solutions to ensure patients can access and afford medicines that prevent, treat and cure disease. Over the last decade, PhRMA member companies have invested more than $850 billion in the search for new treatments and cures, and they support nearly five million jobs in the United States.
Connect with PhRMA
For information on how innovative medicines save lives, please visit:
www.PhRMA.org
www.VotersforCures.org
www.AmericasMedicines.com
www.Facebook.com/PhRMA
www.X.com/PhRMA
Medicines play a central role in transforming the trajectory of many debilitating diseases, reducing mortality and improving health outcomes and quality of life for patients. Today, prescription medicines account for just 14% of total health spending. While brand medicine manufacturers produce 100% of new medicines, they account for only half of medicine spending, or 7% of total spending on health care. Over the next decade, many novel medicines will further transform patient care, yet medicines are projected to remain a small and stable share of total health spending. Discussion of prescription medicine spending needs to consider five key facts.
Understanding Prescription Medicine Spending image
Resource
Cost and Value
Understanding Prescription Medicine Spending
Understanding Prescription Medicine Spending image