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Source: Big Pharma ushers in new year with price hikes on hundreds of drugs
More than three dozen drug companies welcomed the new year with sweeping price hikes on hundreds of medicines, according to a new analysis from Rx Savings Solutions, which was first reported by The Wall Street Journal.
The drugs that saw list-price increases on January 1 ranged from generics and blood-pressure drugs to brand-name prescriptions such as the dry-eye treatment Restasis. The average price jump blew past inflation at 6.5 percent, with some medicines seeing double-digit increases—bucking many drug companies' vows to keep such periodic hikes under 10 percent.
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Big Pharma Ushers in New Year With Price Hikes on Hundreds of Drugs
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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
TOO BAD YOU CAN'T BUY a voodoo globe so that you could make the earth spin
real fast and freak everybody out.
-- Jack Handey, The New Mexican, 1988.
(Score: 2) by The Mighty Buzzard on Thursday January 03 2019, @10:56PM (2 children)
You pay for it either way. You can either pay directly or you can pay via taxes and add a ton of waste on governmental overhead. The people bitching don't really care about public or private; they care about making someone else pay for their care.
My rights don't end where your fear begins.
(Score: 0) by Anonymous Coward on Friday January 04 2019, @04:20AM
Government overhead or insurance company overhead, either way there's overhead. At least the government overhead doesn't include trying to make a profit.
(Score: 2, Interesting) by Anonymous Coward on Friday January 04 2019, @05:02AM
No, you can pay a lot less for a good system if you eliminate the rent-seeking profiteers, The money that goes into the pockets of those who run insurance companies does nothing for your health, it is simply an extra cost you pay on top. You are blinded by the self-fulfilling ideology that governments cannot do anything well.
Import a few medical administrators from UK/CA/AU if yours can't understand how to run a system for the benefit of the patients rather than the profits of the already wealthy.