Taxpayer-Funded Weight-Loss Drugs Face Scrutiny Over High Prices
Americans pay significantly more for GLP-1 weight-loss drugs despite billions in public funding for their development.
- The U.S. government spent $6.2 billion on research and development for GLP-1 medications like Ozempic and Wegovy, but Americans now pay up to 11 times more for these drugs than patients in other countries.
- Novo Nordisk has launched a platform offering uninsured patients access to Wegovy at $499 per month, a price still far higher than compounded alternatives and international rates.
- Medicare spent $5.7 billion on GLP-1 drugs in 2022 alone, with rising costs threatening to increase premiums and strain the U.S. healthcare system.
- Critics argue that the high cost of these drugs limits access for patients who need them most, despite their proven benefits in treating obesity and diabetes.
- Legislation to reinstate fair pricing requirements for taxpayer-funded drugs has repeatedly failed, fueling debate over pharmaceutical companies' pricing practices.