Politicians’ proposals would only minimally lower US drug prices, says report

Drug prices in the US are nearly three times as expensive as other countries with similar economies. Photograph: George Frey/Getty Images

A new report finds some of politicians’ most popular proposals are likely to only have a single-digit impact on drug prices.

The report, compiled by the Congressional Budget Office (CBO), examined seven different policies that ranged from capping drug prices to bringing greater transparency to the market. Of the seven, the most effective would only likely reduce drug prices by 5%.