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More drugmakers hike U.S. prices as new year begins:
NEW YORK (Reuters) - Drugmakers including Bristol-Myers Squibb Co (BMY.N), Gilead Sciences Inc (GILD.O), and Biogen Inc (BIIB.O) hiked U.S. list prices on more than 50 drugs on Wednesday, bringing total New Year’s Day drug price increases to more than 250, according to data analyzed by healthcare research firm 3 Axis Advisors.
Reuters reported on Tuesday that drugmakers including Pfizer Inc (PFE.N), GlaxoSmithKline PLC (GSK.L) and Sanofi SA (SASY.PA) were planning to increase prices on more than 200 drugs in the United States on Jan. 1.
Nearly all of the price increases are below 10% and the median price increase is around 5%, according to 3 Axis.
More early year price increases could still be announced.
Soaring U.S. prescription drug prices are expected to again be a central issue in the presidential election. President Donald Trump, who made bringing them down a core pledge of his 2016 campaign, is running for re-election in 2020.
[...] The United States, which leaves drug pricing to market competition, has higher prices than in other countries where governments directly or indirectly control the costs, making it the world’s most lucrative market for manufacturers.
(Score: 2) by barbara hudson on Thursday January 02 2020, @04:34PM (5 children)
Part of the problem is researchers for hire, who bury negative outcomes, in the hope that if you repeat the study often enough , random chance will give at least one study with some "statistically significant " results, even though that falls far short of clinical significance.
The Hamilton scale rates depression from 0 to 50. Neither the patients nor their doctors can notice a change of 1 or 2 on the scale. 7 is clinical significance, where they actually see a change. A drug that still leaves you with the same symptoms and comes with side effects that are no joke needs to be withdrawn.
SoylentNews is social media. Says so right in the slogan. Soylentnews is people, not tech.
(Score: 2) by RS3 on Thursday January 02 2020, @06:05PM (2 children)
Thanks and agreed. Everyone was pushing them 10-20 years ago, probably still do. Now we see TV commercials for law firms saying "did you take Zoloft (or whatever)? contact us if you did"
(Score: 2) by barbara hudson on Thursday January 02 2020, @08:12PM (1 child)
SoylentNews is social media. Says so right in the slogan. Soylentnews is people, not tech.
(Score: 2) by RS3 on Thursday January 02 2020, @09:38PM
I really hate commenting in minefield discussions like this... but I certainly agree with you. I think the public's attitude is like so many things, they just want things dealt with and to just go away and disappear. The prisons are full of great people who for whatever reason ended up in some kind of compromising situation. It's been proven that given certain situations, people will do things they wouldn't normally do. (Dr. Philip Zimbardo and others showed this.) And I can argue that many of those "offenses" are not bad enough to warrant prison. And we have drug company executives who walk free...
Ultimately it's all part of survival of the fittest, which is not my philosophy.
(Score: 3, Insightful) by epitaxial on Thursday January 02 2020, @07:16PM (1 child)
What is it with you and antidepressants? They work for some people but not everyone. You act as is if they makes up 90% of the drug market. How about insulin prices that have skyrocketed for no reason?
(Score: 2) by barbara hudson on Thursday January 02 2020, @07:50PM
SoylentNews is social media. Says so right in the slogan. Soylentnews is people, not tech.