Tag: drug prices

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 »

A new drug pricing model from CMS may force manufacturers to compete with pricing from other countries.

  A new drug pricing model from CMS may force manufacturers to compete with pricing from other countries. Sick of high drug prices?  Health insurers have made higher priced drugs more affordable to consumers by patients coupons to reduce their copayments while the insurers paid high prices for both brand name and generic drugs that have been rebranded with slight formulation changes. As they always do, health insurers pass the cost on to us and earn more by charging higher premiums the following year. In a capitalistic society, if you increase demand, prices will increase.  This is true of drug prices.   Doctors write too Read More »

The prescription drug price dilemma; why is our government all talk without any action?

The prescription drug price dilemma; why is our government all talk without any action? Drug prices have gone up astronomically in the USA over the past few years, as see our healthcare premiums soar.  Politicians have been talking about the problem and perhaps offered solutions such as allowing us to purchase drugs from other countries at a lower cost. Americans pay more than any other country for medications, and the costs defy normal supply and demand norms.  Since Medicare offered a drug plan in 2002, drug prices have risen steadily as has the demand. There is the desire, but where Read More »

The spiraling cost of drugs and why it continues to happen, according to the NY Times

  The spiraling cost of drugs and why it continues to happen, according to the NY Times The prices of prescription drugs has never been higher in the United States, and the prices of both name brand and generic medicines continue to increase as some companies buy others, and rebrand drugs as a strategy to raise the price and have us, the consumer pay the price of their acquisition while they profit from their strategy. The most notable in the news today is Milan, with their EpiPen which was purchased in 2007 and retailed for $57 per injector.   The Epinephrine Read More »

Why we pay more for drugs than any other developed country according to the Wall Street Journal.

Why we pay more for drugs than any other developed country according to the Wall Street Journal. Unless you have not been paying attention, the media has been reporting about the rise in drug prices due to consolidation of companies (mega mergers), generic drugs rising four fold over the past several years and companies buying the patent rights to produce drugs, while raising the cost to consumers in the USA rediculously. The amount spent on television advertising alone by big pharma has been reported to outstrip the amount spend in research and development of new drugs.  Many newer and more Read More »