German of the day: Schmarotzer

That means freeloaders.

Germany’s new drug law is a case study in foreign freeloading – U.S. patients will bear even more of the global bill.

At the very moment President Donald J. Trump is demanding that wealthy nations pay their fair share for American medicines, Berlin moved the other way. Its new cost-containment law squeezes more savings from the American companies that discover these medicines and leaves U.S. patients bearing even more of the global bill.

The German parliament passed the law last month. It more than doubles the mandatory rebate that manufacturers pay on brand-name medicines, from 7% to 15.5%. It locks German list prices in place through 2030. And for the first time, it lets German insurers force patented, brand-name medicines into tender-style price competitions — a tactic Germany had reserved for generic drugs until now. Berlin called it a fix for its strained insurance system. In plain terms, it is a wealthy nation balancing its books on the backs of American patients.

German of the day: Preisgestaltung

That means pricing policy.

U.S. Launches Trade Investigation Against Germany Over Drug Prices – Washington accuses Berlin of underpaying for innovative drugs. If the investigation yields corresponding results, punitive tariffs could even be imposed.

The U.S. has launched a trade investigation against Germany regarding drug pricing. According to several media reports, Washington intends to examine whether innovative drugs are systematically underpaid on the German market, causing U.S. patients to bear a comparatively high share of research and development costs.

I want a new drug

Can’t have it.

Unless…

Trump’s drug pricing war comes for Germany – U.S. and German officials are meeting in secret to talk about drug prices.

U.S. embassies across the continent are being mobilized to deliver a message to European capitals: American patients are paying too much for medicines — around three times more than Germany for new drugs — and Europe better chip in.