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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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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: 3, Insightful) by Runaway1956 on Friday January 04 2019, @01:44AM (1 child)
The problem with a universal health care is, the pharmas will still be overcharging for all their products. The only real difference is, you, the individual end user, won't have to cough up all the money for your pharmaceuticals. The cost will be spread out among the many. And, that is precisely what today's insurance does, except, each insurance company has fewer "members" than the universal health care will have.
As TMB suggests, we need to get a handle on the profiteers - including those insurance companies.
Pretty much everyone involved in health care is being paid too much. Everyone with money invested demands too much profit. And, government stands behind them, protecting their "right" to demand extravagant profits.
End all those monopolies, and stop Big Pharma calling the shots. We need those generic drugs that Big Pharma fights against.
(Score: 2) by Gaaark on Friday January 04 2019, @02:32AM
Well put.
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---