Pharmaceutical companies have told us that we must pay ultra-high prices for patented medications so they have money to continue research that will ultimately lead to the development of the next wonder drug. Like most everything involved with medicine, people in the U.S. pay much more for prescription drugs than anyplace else in the world. Of course name-brands always cost more than generics, but the U.S. that cost is much higher. In fact, here in […] Read the Full Article »
Nearly One-Third of Americans Experiencing Price Hikes for Meds; Pricey Pills Impacting Retirement Plans, Family Life, Overall Health
As pharma and insurance company behemoths lock horns in a battle over profits, Consumer Reports finds consumers are reeling from the rampant rise in drug prices. Nearly one-third of Americans polled by Consumer Reports said they had experienced a drug price hike in the past year, shelling out a total of $2 billion more for a drug they routinely take. “Americans are being bled dry by corporate profiteering that is completely legal. And their pocketbook […] Read the Full Article »