Presciption Greed
I hope this story is true.California could be 1st state to sell own prescription drugsCalifornia could become the first state with its own prescription drug label By ADAM BEAM Associated Press
Three of my prescriptions have gone up from $0 copay in 2019 to $45 in 2020.It's not because these drugs cost more to manufacture,it's becauseDrug Manufacturersare price gouging for higher profits!
By Brit McCandless Farmer & Ayesha Siddiqi on CBSNews.com "On 60 Minutes, correspondent Bill Whitaker reports on a lawsuit against dozens of generic drug manufacturers. According to the suit, the price of hundreds of generic prescription drugs jumped in a single year—and plaintiffs say the drug makers colluded to do it. Manufacturers have denied allegations of collusion. It's not the first time 60 Minutes has reported on the exorbitant expense of prescription drugs. Last May, correspondent Lesley Stahl reported from Rockford, Illinois, an industrial town that paid the healthcare costs of its employees, rather than use an insurance company.
As Stahl reported, the mayor of Rockford realized his town was bleeding money as their pharmaceutical costs were skyrocketing. He said the costs were keeping him from hiring police and firefighters. "Everybody's asking the question, 'Why is health care so expensive?' Because the fix is in," Rockford's mayor Larry Morrissey said. "That's the answer."
Morrissey said Rockford's prescription spending largely came down to one brand-name drug: Acthar, a drug used to treat a rare condition called infantile spasms. In 2001, Acthar sold for about $40 a vial. By 2018, it sold for more than $40,000—an increase of 100,000 percent.
This is, Saying Enough Is EnoughJim Hauenstein,
And,
“Earth provides enough to satisfy every man's needs, but not every man's greed.”
- Mahatma Gandhi -
That is my story and I am sticking to it!
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Three of my prescriptions have gone up from $0 copay in 2019 to $45 in 2020.It's not because these drugs cost more to manufacture,it's becauseDrug Manufacturersare price gouging for higher profits!
By Brit McCandless Farmer & Ayesha Siddiqi on CBSNews.com "On 60 Minutes, correspondent Bill Whitaker reports on a lawsuit against dozens of generic drug manufacturers. According to the suit, the price of hundreds of generic prescription drugs jumped in a single year—and plaintiffs say the drug makers colluded to do it. Manufacturers have denied allegations of collusion. It's not the first time 60 Minutes has reported on the exorbitant expense of prescription drugs. Last May, correspondent Lesley Stahl reported from Rockford, Illinois, an industrial town that paid the healthcare costs of its employees, rather than use an insurance company.
As Stahl reported, the mayor of Rockford realized his town was bleeding money as their pharmaceutical costs were skyrocketing. He said the costs were keeping him from hiring police and firefighters. "Everybody's asking the question, 'Why is health care so expensive?' Because the fix is in," Rockford's mayor Larry Morrissey said. "That's the answer."
Morrissey said Rockford's prescription spending largely came down to one brand-name drug: Acthar, a drug used to treat a rare condition called infantile spasms. In 2001, Acthar sold for about $40 a vial. By 2018, it sold for more than $40,000—an increase of 100,000 percent.
This is, Saying Enough Is EnoughJim Hauenstein,And,
“Earth provides enough to satisfy every man's needs, but not every man's greed.”
- Mahatma Gandhi -
That is my story and I am sticking to it!
Like what you are reading?
Sign up as a Follower,
or leave a Comment.
If it's worthy enough,
I'll answer you in a Post.
Thanks for reading.
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