Tag: big pharma

76 Billion pain pills in 7 years is an epidemic caused by big pharma, your physician and a lack of referrals to chiropractors.

76 Billion pain pills in 7 years is an epidemic caused by big pharma, your physician, and a lack of referrals to chiropractors. The headline read, 76 billion pain pills in 7 years inundated the U.S.  This is according to the Washington Post who reported the following in todays newspaper “America’s largest drug companies saturated the country with 76 billion oxycodone and hydrocodone pain pills from 2006 through 2012 as the nation’s deadliest drug epidemic spun out of control, according to previously undisclosed company data released as part of the largest civil action in U.S. history.” 76 Billion pain pills Read More »

A new idea by the Trump administration to reduce drug prices by eliminating middlemen.

A new idea by the Trump administration to reduce drug prices by eliminating middlemen Recently, both my daughter and my spouse needed to purchase medications that their doctors recommended for them. Our high deductible HSA plan includes drugs, but we need to reach the deductible first before the plan pays anything. One drug was an antibiotic and was quoted in generic form at over 200 dollars for the dose.   When I asked about the price, I was told that the brand name drug was even more expensive.  The other medication was more expensive for the generic than it was Read More »

Doctors want big pharma to advertise the retail prices of drugs; will this force them to lower prices?

Doctors want big pharma to advertise the retail prices of drugs; will this force them to lower prices? Drug prices year over year continue to increase at rates that are much higher than inflation.  Whatever the reason, the current prices are unacceptable and are partly responsible for the high prices for healthcare in the USA. The American Medical Association (AMA) is suggesting that part of the problem is a lack of transparency.  The AMA, citing an unnamed study says that price increases on drugs advertised to patients directly are over 34% higher than those that were not directly marketed 5.1%. Read More »

Big Pharma gets skewered by John Oliver; you need to see this hilarious take on the industry

Big Pharma gets skewered by John Oliver; you need to see this hilarious take on the industry John Oliver, formerly of the Daily Show has been making waves on his HBO show Last Week Tonight. Its no secret that we as Americans take more drugs than anyone else and the drug industry has a huge amount of influence on what your doctor prescribes, because of the way they market. The drug companies spend more money on marketing and paying off doctors to convince them to recommend their medications than they do on research. Is it no wonder we spend so Read More »

Physicians are fed up with high drug prices too; one physician offers some good ideas on how to lower drug costs in the USA

Physicians are fed up with high drug prices too; one physician offers some good ideas on how to lower drug costs in the USA. Drug prices in the USA are the highest in the world. Why do we pay so much more? The answer is that there is a willingness to do so at any cost and insurers are part of the problem and legislation that limits a willingness to negotiate drug prices such as the Medicare program. This of course needs to change, and drug companies price on a whim, and unfortunately get it by heavily advertising and knowing Read More »