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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMy pharmacist is not worried about Ebola, he's worried about this:
Rapid Price Increases for Some Generic Drugs Catch Users by Surprise
Large price increases in the United States for vital medicines for the young, such as vaccines, have been mirrored by similar rises in some of the most basic treatments for older patients, like digoxin. Though there are many newer types of drugs to treat heart disease, for some patients there are no effective substitutes; digoxin is on the World Health Organizations list of essential medicines.
In recent years, generics have curbed the rise of drug prices, saving the American health care system billions of dollars. After the patents for Lipitor, the cholesterol drug, and Ambien, the sleeping pill, expired in the last few years, for example, generics entered the market and prices plummeted.
But increasingly, experts say, the costs of some generic drugs are going the other way. The prices paid by pharmacies for some generic versions of Fiorinal with codeine (for migraines) and Synthroid (a thyroid medicine) as well as the generic steroid prednisolone have all more than doubled since last year, EvaluatePharma found. In January, the National Community Pharmacists Association called for a congressional hearing on generic drug prices, complaining that those for many essential medicines grew as much as 600, 1,000 percent or more in recent years. The price jumps especially affected smaller pharmacies, which do not have the clout of big chains to bargain for discounts.
http://www.nytimes.com/2014/07/09/health/some-generic-drug-prices-are-soaring.html?_r=0
An older story, but one that is still relevant.
Eleanors38
(18,318 posts)liberal_at_heart
(12,081 posts)negotiate lower prices. There is nothing to stop drug companies from charging what they want.
NightWatcher
(39,343 posts)I hope this doesn't mean another jump is coming
ballyhoo
(2,060 posts)Chellee
(2,106 posts)My adult daughter used to take it for her acne, but when she went to pick up her script expecting to pay about $11 for a month supply and instead was told that they were going to give her a 2 week supply and it would be over $350, she stopped taking it.
http://www.nytimes.com/2014/10/08/business/officials-question-the-rising-costs-of-generic-drugs.html?_r=1
<Some of the rises have been huge, according to data released by the lawmakers. The price that hospitals and pharmacies pay for a bottle of 500 tablets of doxycycline, a decades-old antibiotic, rose to $1,849 in April, from $20 in October 2013.>
jen63
(813 posts)I found a tick on my calf last summer and ended up with the "classic bullseye rash", that got bigger, not better. I about passed out when I went to get 14 doxycycline pills. The pharmacist told me that nobody was making a generic, because there wasn't enough cash to be made, so whoever had the rights to that drug could charge as much as they wanted. That med has been around for ever, I remember it when I was a kid. Crazy.
Response to Chellee (Reply #4)
ballyhoo This message was self-deleted by its author.
progressoid
(50,020 posts)liberal_at_heart
(12,081 posts)SoapBox
(18,791 posts)blathering away about how there is absolutely NO inflation!
Oh...and if the Fed even dares to think about raising any rates, it will spook and stampede the "markets".
I guess it was just the same old threat to the Fed, that the Wallstreeters want to continue fleecing America.
littlemissmartypants
(22,855 posts)Fasten your seat belts and please don't forget your flu shots and mammograms.
Love, Peace and Shelter.
Lmsp 🙌
ColesCountyDem
(6,943 posts)I take hydrochlorothiazide, a GENERIC diuretic that's been around for decades. My last 'scrip was triple the price of the month before.
SheilaT
(23,156 posts)When I was still working it was ten dollars a month. Now I'm on Medicare with an Advantage plan, and it went down to four dollars a month. Then I discovered if I let them mail me a 90 day supply at a time I have no copay at all.
Clearly whatever plan you're on is totally shafting you on the price.
ColesCountyDem
(6,943 posts)I just noticed on the receipt that the base price had tripled.
SheilaT
(23,156 posts)I thought you meant your copay had tripled. Glad it hasn't.
ColesCountyDem
(6,943 posts)Dustlawyer
(10,499 posts)cannot blame attorneys for the rise in prices.
HuckleB
(35,773 posts)Do you have a link to a story on that? I'd love to dig into it.
Dustlawyer
(10,499 posts)Info wars and some others if you put in "Generic drug manufacturers immunity". The articles are from 2013. From what I can recall from the time, this was bi-partisan legislation done quietly late at night. They tried to slip it through, which the MSM let them do. Yet another example that Congress provides theater much like the Harlem Globetrotters vs. the Washington Generals, while doing the bidding of the powerful.
rurallib
(62,482 posts)- the corporate media - will certainly not report much if any of it.
cadaverdog
(228 posts)Pharmaceutical Prices and Patents Impacted by Trade Policy
The federal government is currently negotiating two trade deals that could have great significance for drug pricing. Negotiations for the Trans-Pacific Partnership (TPP) have been ongoing for several years and the Obama Administration is seeking to wrap up the 11-country deal by the end of 2013. While the agreed-to text of the TPP is secret, leaked negotiating offers and past experience with similar treaties with Australia and Korea, as well as recent cases under NAFTA, raise big concerns.
[link:http://reducedrugprices.org|
This is somewhat dated, but I'm sure you can find newer and more detailed info.
HuckleB
(35,773 posts)I know it won't happen, but we need it!
kestrel91316
(51,666 posts)1000% virtually overnight lately. And we are talking generics that used to be easy to stock and let sit and if they didn't get used up it was ok. Now each bottle is a major investment.
GoCubsGo
(32,102 posts)Thom Hartmann was talking about this a few days ago. Big Pharma is buying up the little generics guys and jacking up the prices. I guess there have also been some mergers going on. A few big companies=no competition=higher prices.
liberal_at_heart
(12,081 posts)Raine1967
(11,589 posts)It doesn't surprise me.
Raine1967
(11,589 posts)Faryn Balyncd
(5,125 posts)... in the range of $100 for a 10 day prescription.
It's to enforce the antitrust laws.
Enthusiast
(50,983 posts)A good government would enact price controls.
Response to hedgehog (Original post)
Name removed Message auto-removed
heaven05
(18,124 posts)good old american, capitalistic greed.
hedgehog
(36,286 posts)and the pharmacist was livid that the laws don't apply to drugs. Thinking about it, the companies create an artificial shortage of something that is absolutely needed. That sounds like gouging to me.
Manifestor_of_Light
(21,046 posts)Allegra-D is non-scrip, but you have to pick up a card off the shelf and present it to the pharmacy and show them ID so that they know you're not making meth. 24 hour Allegra-D is $24.99 for 15 pills, one per day. That's $1.67 a pill.
hedgehog
(36,286 posts)generic for a lower price. Good luck! Nothing worse than a stuffy head from allergies. That's the only good thing about the arrival of the frost - it knocks down the pollen for another year.
mrmpa
(4,033 posts)I used to use Allegra-D, but it became cost prohibitive. I now use daily, Costco's Alle-Clear, 10% loratadine, non drowsy, 365 pills for under $12. I take one a day, right now my allergies are brutal & I take a second before I go to bed.
ballyhoo
(2,060 posts)since it went level 2. I've been taking this stuff for 20 years because I have arthritis and diabetes. Rather than going to the doctor two times a years, I now have to go four times a year (double the cost for appointments). At each appointment the doctor has to give me three written scripts. There can be no refills on any script. So....under the new system the only thing that has changed is the doctor makes more money by more appointments, has more hassle and the patient has to pay more money for getting the same amount of yearly prescriptions. Who is really hurt is the elderly and the poor, who can't pay for the extra appointments or endure the pain of extra trips. More people with chronic pain have started offing themselves my doctor told me via contacts with other doctors. Was all this really necessary or was it done so part of the government can justify their existence? I've talked to many members of my former diabetic website I turned over to the members in January because I was forced to break one of my rules--so I resigned. Some of these folks have bad diabetic neuropathy and take Hydrocondone just to live. Some of these folks are having a real hard time. I help them as best I can, but it is not enough and is dangerous with the NSA all over the place watching everything. As we cement our new second world status move from nascent to firmly arrived I just wonder what is next in the neocon bag of wonderfulness?
Hortensis
(58,785 posts)I went home without it (same problem with doxycycline), googled, and learned that neonatal intensive care units were having trouble procuring the drug (I've forgotten which one, they're very similar). Apparently, though, it was commonly used for saving the lives of preemies/newborns.
Production of the drugs, which required ingredients from various nations, had stopped because a pharmaceutical company in the chain had decided it could make more money from converting the factory to something else, resulting in a catastrophic shortage. I wouldn't have renewed even if I could have afforded it, which I could not.
I don't understand those who support ideologies in situations where they simply don't work. Whatever the situation, the answer must work. Before the 80s move of America's right to the far right, plenty of conservatives were sensible and responsible.