Quote:
Originally Posted by arctichomesteader
"The amount of money people spend on prescription drugs has nearly doubled since the 1990s. Much of this increase is due to expensive brand-name drugs, but the prices of some generics have also gone up. We looked into changes in the drug industry and found that pharmaceutical and biotechnology sales revenue increased from $534 billion to $775 billion between 2006 and 2015. Additionally, 67% of drug companies increased their annual profit margins during the same period—with margins up to 20 percent for some companies in certain years. Drug industry spending for research and development increased from $82 billion in 2008 to $89 billion in 2014."
https://www.gao.gov/products/gao-18-40 |
In my lifetimes, diseases that were once nearly always fatal, are now treatable, mostly with prescription medicine.
There are about 81 million more US people now than in 1990. Of them about 17% are 65 and older. More than 1/3 of all scripts written today are for seniors.
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