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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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"You can't teach people to be lazy - either they have it, or they don't."
-- Dagwood Bumstead
(Score: 2) by DeathMonkey on Thursday January 03 2019, @09:27PM (7 children)
And the existence of several universal healthcare systems that provide better care at much cheaper costs won't convince you otherwise!
(Score: 2) by The Mighty Buzzard on Thursday January 03 2019, @10:58PM (4 children)
No, they won't, because I've explained that illusion away too many times.
My rights don't end where your fear begins.
(Score: 0) by Anonymous Coward on Thursday January 03 2019, @11:20PM
Don't believe your lying eyes! It's all a vast left-wing conspiracy!
(Score: 2, Informative) by Anonymous Coward on Thursday January 03 2019, @11:58PM (2 children)
a Canadian speaking, our system is both great and terrible. it is great when you have urgent (think car accidents, or appendectomy ) or major ( organ transplant, cancer)
it terrible for minor ailment and it suck to wait a few weeks for initial imaging to get into the system for a problem. but I think it is way better to received free world-class treatment for cancer and the like and to lose half a day for something minor than being able to cheaply and quickly see a doctor for minor ailment and having to take a new morgage if I ever got cancer....
(Score: 2) by The Mighty Buzzard on Friday January 04 2019, @01:06AM
And I respect you folks' right to choose that. I don't want it here though.
My rights don't end where your fear begins.
(Score: 2) by Gaaark on Friday January 04 2019, @02:28AM
Yup: between my son being born 2.5 months early and my wife's 3 cancer scares (hysterectomy, breast biopsy we're still awaiting results for, and her blood being wonky, possibly leukemia??) my family would probably be bankrupt if we weren't Canadian.
Dog bless Canada.
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
(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.
Abortion is the number one killed of children in the United States.
(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 ---