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In the last year, the industry has raised the wholesale prices of brand-name prescription drugs by about 9 percent, according to industry analysts. That will add more than $10 billion to the nation’s drug bill, which is on track to exceed $300 billion this year. By at least one analysis, it is the highest annual rate of inflation for drug prices since 1992.
The drug trend is distinctly at odds with the direction of the Consumer Price Index, which has fallen by 1.3 percent in the last year.
Drug makers say they have valid business reasons for the price increases. Critics say the industry is trying to establish a higher price base before Congress passes legislation that tries to curb drug spending in coming years.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,772,368 times
Reputation: 3587
Quote:
Originally Posted by pommysmommy
I did what most patients should do and told my doctor to change my meds to generics. Big Pharma is out of of control.
Generics will be gone if this horrible health care bill passes. It doubles from 7 to 14 years the exclusive that big pharma has on drugs. You will PAY or you will DIE. Choose wisely.
Generics will be gone if this horrible health care bill passes. It doubles from 7 to 14 years the exclusive that big pharma has on drugs. You will PAY or you will DIE. Choose wisely.
Sure glad that our elected officials are looking after their constituents.
Generics will be gone if this horrible health care bill passes. It doubles from 7 to 14 years the exclusive that big pharma has on drugs. You will PAY or you will DIE. Choose wisely.
What doubles from 7 to 14? If you are talking drug patents, the patent has been 20 years for quite some time.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,772,368 times
Reputation: 3587
Quote:
Originally Posted by jojajn
What doubles from 7 to 14? If you are talking drug patents, the patent has been 20 years for quite some time.
Well now it will be 40 years.
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