by Gabriel Levitt, Vice President, PharmacyChecker.com and Margaret Rode, PharmacyChecker.com | Mar 11, 2011 | Drug Prices
Last August AARP published an analysis stating that in 2009 brand-name drug prices increased by over 8%. Disturbingly, new AARP data shows that from 2009 to 2010, in the Rochester region of upstate New York, brand-name drug prices increased by a devastating 11%, almost seven times the average inflation rate of 1.6%.
The report, published by Excellus BlueCross BlueShield, the largest health insurer in the Rochester area, also finds that brand name drug prices increased by 93% between 2004 – 2010. This data explains why the number of Americans not taking their medication due to cost – 25 million – has almost doubled over the past ten years, a very sad state of affairs for America.
The report identified steep increases on popular brand name drugs for which there are no generic substitutes, such as Actos, Advair, Lipitor, Singulair and Nexium. For some American patients, U.S. prices are beyond reach and they must go without their medication. The exact same drugs can be found online from verified international online pharmacies at much lower prices, often 80% less, which can make the difference between people taking or not taking their prescribed medication. (more…)
Tagged with: BlueCross BlueShield, brand-name, Congress, Drug Prices, inflation, Medicare Part D, New York, President Obama, taxpayers, United States
by Gabriel Levitt, Vice President, PharmacyChecker.com and Margaret Rode, PharmacyChecker.com | Mar 3, 2011 | Drug Prices
Just over one year ago we launched this blog with a post called Drug Price S.O.S. – 120 Million Americans Struggle to Afford Medicine. That number came from a 2008 Harvard School of Public Health study showing that 4 in 10 Americans have trouble affording their prescription drugs. Sadly, the situation has gotten worse.
As reported on MSNBC.com and Reuters, new information released by the U.S. Centers for Disease Control and Prevention’s National Center for Health Statistics shows a dramatic increase in the number of American adults who are unable to afford healthcare. From 1997 to 2009 the precentage of Americans not taking their medications due to cost nearly doubled from – increasing from 4.8 to 8.4%. The earlier Harvard study mentioned above shows 40 percent of Americans struggling with costs; that could mean pill splitting, skipping doses, taking alternatives, or simply going without needed medication. The recent government statistics are clear about how many Americans don’t take their medication due to cost: 25 million! [8.4% of 300 million (the U.S. population) = 25 million]. (more…)
Tagged with: brand name drugs, Drug Prices, Harvard, health insurance, MSNBC, Online Pharmacies, personal drug importation, pill splitting, prescription abandonment, prescriptions, recession, Reuters, U.S. Centers for Disease Control and Prevention, United States
by PharmacyChecker.com | Feb 4, 2011 | Drug Prices, Personal Drug Importation
Last week, YouTube hosted a question and answer session at the White House with President Barack Obama. Americans across the country submitted over 140,000 questions to YouTube, and over a million people voted on which of those questions moderator Steve Grove should ask the president. We were not surprised to find out that the top healthcare question related to none other than prescription drug prices and importation:
Why [does] the same medication that I use cost so much less in Mexico or Canada even though it is being made here in the United States? (Noah, 00:29:03)
Obama’s answer was upfront and honest, and frankly, we liked what he had to say. The president said, “Canada and Mexico are bulk purchasers of those drugs, so they negotiate much cheaper drug prices with the drug companies. We still don’t do that, and I actually think it’s something we should do – it would save us money.” We were also pleased to hear him reopening communication about drug importation. “It may be that importation is still something we should look at in terms of further lowering the price of drugs,” the president said. (more…)
Tagged with: Americans, Canada, drug costs, Drug Importation, Drug Prices, healthcare, Mexico, personal drug importation, President Obama, Senator Byron Dorgan, YouTube.com
