drug price hikes

How a Canadian Pharmacy Can Help You Offset Drug Price Hikes

22 Apr: How a Canadian Pharmacy Can Help You Offset Drug Price Hikes

Prescription drug prices in the United States of America have risen significantly over the past year. In 2012, the rise in drug price was 3.6 percent, double that of the inflation rate reported by the Bureau of Economic Analysis (1.7 percent). 25 million Americans suffer a decline in health by their own admissions due to being unable to pay the cost of medicines. While prescription drug prices have flown out the window, the costs of visits to the doctor’s office and undergoing tests prescribed by the physician have fallen. The costs associated with renting a room in a nursing home has also fallen. Out of the prescriptions the doctor’s office hands out, 150 million are not filled due to the…

28 Aug: Stats: More Americans getting priced out of prescription drugs

An article by Isaiah J. Poole of the Campaign for America’s Future offers some striking statistics highlighting the current crisis in healthcare costs. Poole notes the particular strain on Medicare, which currently is prohibited from negotiating prices with drug companies (even though other government entities have long done so). Some of Poole’s stats: Researchers at the University of Minnesota report that prices of some drugs have gone up well over 100 percent, and in a few cases over 1,000 percent, in the past year. Cost increases like these are already expected to have a ripple effect on private insurance premiums. An Aon Consulting report released this week projects that health care costs will be up 10.6 percent next year, increases…