by Gabriel Levitt, President, PharmacyChecker.com and Prescription Justice | Feb 1, 2017 | Advocacy, Patient Assistance Programs, pbm, Pharmaceutical Industry
Can Big Pharma Help Me Afford My Meds?
People who are not new to this blog know that we are often critical of the pharmaceutical industry because of their actions to stop Americans from buying lower cost medications from international online pharmacies. So, this may come as a surprise…
Today, we announced that we have added a new section on PharmacyChecker.com for consumers to search, find and apply to patient assistance programs, those sponsored by pharmaceutical companies. You can type in the name of your medication and review a very comprehensive collection of these programs, including low-cost, no-cost, and copay programs. The eligibility hurdles are often prohibitive: so please understand that for many programs, if you’re currently earning above the median income in the U.S. it’s likely that you are too rich. (more…)
by Gabriel Levitt, President, PharmacyChecker.com and Prescription Justice | Jan 27, 2017 | Advocacy, Drug Prices, Pharmaceutical Industry, Pharmacy Benefit Managers
Don’t blame poor little Big Pharma
Big Pharma is in the mood to share! A new report commissioned by the Pharmaceutical Researchers and Manufacturers of America (PhRMA), the trade association representing the world’s largest global pharmaceutical companies, seems to assert that the blame for high drug prices should be shared with pharmacy benefit managers, retail pharmacies, wholesalers, and, I think, even hospitals – and more. It appears that PhRMA’s main target is the pharmaceutical benefit managers.
Noting that President Donald Trump recently said drug companies are “getting away with murder” – I view this report as pharma’s attempt to communicate, “hey, prez, we’re not alone here in being greedy.” The report has merit, which I’ll explain below when looking at the dollar numbers. But as far as the American consumer is concerned: murder is murder. Hey, I’m just using the president’s words. Due to the killing made by pharma and friends (because they’re all friends), 10s of millions of Americans are leaving their scripts unfilled because the prices, one way or the other, are out of reach.
The report is called “The Pharmaceutical Supply Chain: Gross Drug Expenditures Realized by Stakeholders.” You can find a summary of it here but this is my take on it. (more…)
Tagged with: phrma, supply chain
by Gabriel Levitt, President, PharmacyChecker.com and Prescription Justice | Jan 20, 2017 | Advocacy, Drug Prices, Drug Safety, Policy, Politics
In this blog post I’m going to get personal. Not about me but about importing medication from Canada and other countries. You’ll see what I mean. Last week, Senator Bernie Sanders introduced an amendment to the budget bill, which would have paved the way for future deficit neutral spending to implement new regulations expanding lawful access to lower cost imported medication from wholesalers, pharmacies and individuals. Unfortunately, the amendment was defeated 52-46.
Let’s forget about the fact that drug companies give members of Congress lots of money. OK, I can’t forget: it’s about two billion dollars over the last 15 years. Some senators who voted against the amendment cited their concerns with safety as a basis for their vote. Let me explain why they are wrong, at least when it comes to personal vs. wholesale drug importation. (more…)
Tagged with: Bernie Sanders, Congress, Corey Booker
