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follow curious2 2015 Nov 25, 1:35pm
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"New study highlights massive prescription price hikes
The paper, which involved a survey of 19 dermatology products, found they had increased an average of 401% between 2009 and 2015.
The price increases outpaced the national consumer price index inflation rate of 11% for the five-year period, the paper said. The research comes amid growing concern and government inquiries about dramatic increases in prescription drug prices in general.
The paper confirms what many consumers already know: that their ability to pay for the drugs they need is becoming more and more difficult, said Michael Carome, a physician and director of the Health Research Group of the watchdog organization, Public Citizen.
Prescription drugs just cost more in the U.S. than in other countries where they can be purchased for a fraction of the price."
Grubbered as FUCK!
Daraprim price hike now 2,500%
"Doxycycline hyclate (100 milligrams), a widely used antibiotic, soared from $20 for 500 capsules in October 2013 to a staggering $1,849 in April 2014.
Glycopyrrolate (20 milliliters), used during surgery to prevent slowing of the heart rate, climbed from $65 for 10 vials to $1,277 during the same period.
Pravastatin sodium (10 mg), the cholesterol medication...surged from $27 to $196 for a one-year supply."
Note that drug prices are spiking only among Rx drugs covered by mandatory insurance programs, e.g. Obamneycare. Among OTC drugs, where customers can compare alternatives on store shelves and buy whatever they want, prices remain low.
"Americans are good shoppers if given the chance and the financial incentive. We've seen this time and time again when patients pay for care themselves. Elderly Americans are the ones who tipped most of the country off to the excessive cost of prescription drugs when, despite government disapproval, they boarded buses to buy their drugs cheaper in Canada. Americans also manage to pay the lowest prices in the world, by far, for over-the-counter drugs, whose prices are known. Efficient walk-in clinics run by nurse practitioners with reasonable published prices are gaining traction among consumers. And prices for cosmetic surgery and LASIK procedures that patients pay for themselves have fallen even as the technology has gotten better."
In all other sectors, advancing technology results in better value. In the mandatory subsidized insurance sector, it results in higher prices, because that is what the legislation is designed to do. It operates as designed, on behalf of its authors: the revenue recipients.
The patients are just as much to blame by taking the worthless drugs. especially when the bill isn't acceptable at the pharmacy.
Drug makers have been getting their $2.3 billion worth in Washington. That is how much they have spent lobbying Congress over the last decade. It may help explain why no legislative proposal to rein in rising prescription prices has gone anywhere.