Category: Health Care Costs

Buzzfeed Quiz: Rising drug prices – Test your knowledge

Think you know high drug prices are rising? Try your hand at this Buzzfeed quiz and find out how serious the problem really is. Continue reading

Posted in: Health Care Costs, Issue Alert

Unaffordable prices will send drug costs soaring

U.S. spending on pharmaceuticals will jump by 12 percent this year, the highest growth rate in the past several years. And for that dramatic increase, we can thank new, high-priced hepatitis C drugs. Continue reading

Posted in: Health Care Costs

The Simple Facts Behind Increasing Health Care Costs

The facts are clear. Sky-high drug prices strike twice – saddling patients with unaffordable costs and imposing a financial burden on everyone in the U.S. health care system. With a wave of new treatments carrying six-figure price tags in the pipeline, is there any relief in sight? Continue reading

Posted in: Health Care Costs

That Time Pharma Companies Projected the Cost of Developing a Drug and Everyone LOL’d

2.6 billion dollars. That’s how much drugmakers would have people believe it costs to develop a single therapy. It’s the number that the Tufts Center for the Study of Drug Development released this week, presumably in an attempt to explain the skyrocketing prices being charged for many prescription drugs. Continue reading

Posted in: Health Care Costs, Issue Alert

Chart of the day: Drug prices keep rising faster than inflation. Much faster.

An AARP report shows the prices for brand-name prescription drugs often used by older adults jumped by an average of 13 percent last year alone, according to a new article in Pharmacy Times. That’s more than eight times faster than the general inflation rate. Continue reading

Posted in: Health Care Costs

Actuaries: High-cost meds threaten Medicaid’s ability to deliver quality, affordable care

In a recent analysis, the American Academy of Actuaries warns of a high-cost issue threatening Medicaid’s ability to balance access, quality, and affordability. The high-cost issue is the unsustainable price of breakthrough medications, like $1,000-a-pill Sovaldi. Continue reading

Posted in: Health Care Costs, Issue Alert

INFOGRAPHIC: The cost of prescription drugs then and now

Despite the introduction of new, and in many cases more innovative medical treatments, prescription drugs that have been around for years continue to get more and more expensive. Continue reading

Posted in: Cost Alert, Health Care Costs, Infographic

Newsweek: Drugmakers keep patients, doctors in the dark

What happens when so-called medical innovation involves suppressing science? That’s the question Newsweek asks in its latest cover story on clinical trials and the risks posed to patients when clinical reporting data reflects only a small glimpse of the results. Continue reading

Posted in: Health Care Costs, Issue Alert

It’s the R&D Costs? Really?

“The drug companies have to put a price on a medicine that reflects the cost of developing them, which is very expensive and takes a long period of time, and the value that it can provide.” Oh, really? “The cost of developing them.” That’s why drugs are so expensive? Really? Continue reading

Posted in: Health Care Costs, Issue Alert

Letter to the editor: Where’s the drug pricing transparency?

The astronomical price tag for a hepatitis C treatment highlights a major problem plaguing our health care system and its patients: a lack of transparency around pharmaceutical price setting, as noted in a Washington Post letter to the editor from Laura Worby, a primary care nurse practitioner. Continue reading

Posted in: Health Care Costs, Issue Alert