The 5% · Sweden · Brand drugs

Why Sweden brand drugs are cheaper

It’s cheaper because Sweden sets one price for the drug. Every hospital and pharmacy pays that (or a cap under it). In the US, each insurer and PBM bargains a rebate off a high list, and the sticker stays high.

TLV value-based pricing

How it works

TLV (the Dental and Pharmaceutical Benefits Agency) decides if a drug is reimbursed, at what price, using cost-effectiveness. Regions then buy. Hospital drugs sit inside the county budget, not a 340B outpatient spread.

Why it holds

No reimbursement, no volume. Sweden is small and still about 24¢ on US brands (RAND: US 4.18×). A cancer year does not mint a hospital-outpatient markup on the vial. The chair is not the product.

The invoices

SKUUnited StatesSweden
Brand originators on the US dollarsourced$1.0024¢
All drugs on the US dollarsourced$1.0030¢
Specialty year at the brand indexmodeled$150,000~$36,000

See RAND drugs. 30-day list prices: CMS 2023, Inflation Reduction Act round 1.

Twenty brands — US sticker vs Sweden

Ranked by the US number. 30-day list is CMS 2023 (Inflation Reduction Act round 1). Infusion doses are our hospital commercial bill. Sweden column is that US sticker × this country’s RAND brand index. Gross list, not rebates. Even after a US rebate haircut, RAND says brands stay more than 3×.

DrugUnited StatesSwedenOn the US $
Keytruda (pembrolizumab)hospital dosemodeled$16,800$4,01824¢
Opdivo (nivolumab)hospital dosemodeled$15,000$3,58724¢
Alteplase (tPA) stroke dosehospital kitmodeled$15,000$3,58724¢
Imbruvica (ibrutinib)30-day listsourced$14,934$3,57124¢
Stelara (ustekinumab)30-day listsourced$13,836$3,30924¢
Herceptin-class (trastuzumab)hospital dosemodeled$9,200$2,20024¢
Neulasta-class (pegfilgrastim)hospital dosemodeled$8,900$2,12824¢
Avastin-class (bevacizumab)hospital dosemodeled$8,100$1,93724¢
Enbrel (etanercept)30-day listsourced$7,106$1,69924¢
Rituximab biosimilarhospital dosemodeled$6,800$1,62624¢
Remdesivir coursehospital coursemodeled$4,200$1,00424¢
Humira-class (adalimumab) clinicclinic syringemodeled$2,400$57424¢
Ozempic (semaglutide)30-day listmodeled$969$23224¢
Entresto (sacubitril/valsartan)30-day listsourced$628$15024¢
Jardiance (empagliflozin)30-day listsourced$573$13724¢
Farxiga (dapagliflozin)30-day listsourced$556$13324¢
Januvia (sitagliptin)30-day listsourced$527$12624¢
Eliquis (apixaban)30-day listsourced$521$12524¢
Xarelto (rivaroxaban)30-day listsourced$517$12424¢
NovoLog / Fiasp (insulin)30-day listsourced$495$11824¢

Also: Why Sweden hospital prices · Who bargains with whom · Bargaining chips · The rulebook · Problems / solutions · National debt · Drug voices · Back to The 5%