high drug prices

Walgreens prescription prices

20 Mar: New Comparison Shows Walgreens Prescription Prices 1000% More Expensive

If you have one or more prescriptions for medications, it’s not only smart but necessary to be a good comparison shopper in order to find the most affordable prices for your drugs. Many Americans find they can save money by using eDrugSearch.com, where they can locate many of the medications they rely on at savings up to 90%. This same online site also provides instant money-saving coupons that can bring down the monthly cost of your prescription medications like never before. The editor of an Arkansas newspaper, recently discovered something shocking about Walgreens prescription prices. It isn’t only the big pharmaceutical companies who are gouging Americans when it comes to the price of their medications—local pharmacy chains are in on the…

6 Crazy Examples of Prescription Drug Price Gouging

06 Oct: 6 Crazy Examples of Prescription Drug Price Gouging

News has broke about the recent prescription drug price gouging that has been taking place, and its leaving some individuals in serious medical trouble. Without the money to pay for the increases in drug prices, patients often see their medical conditions becoming worse, even to the point of death. Take a look at the examples of some of the most craziest drug price increases for yourself . . . Turing Pharmaceuticals Perhaps one of the most insane prescription price increases was that made by Turing Pharmaceuticals CEO, Martin Shkreli. When he raised the price of a Daraprim pill from $13.50 to $750, (5,000% markup) he became one of the most hated men in the American and a “poster child” for Big Pharma’s insidious greed….

The Financial Toxicity of Cancer Treatment

07 Oct: The Financial Toxicity of Cancer Treatment

  The past Sunday, 60 Minutes aired a segment “The Cost of Cancer Drugs” in which Leslie Stahl got down to the core of the high drug prices and the financial toxicity of cancer treatment. The focus was on drugs used in the treatment of cancer and how they are getting more and more expensive each time a new drug is approved by the Food and Drug Administration (FDA) and released for use by the public. This isn’t the first time the high prices of these cancer drugs have been brought up as an important issue. There are a number of medical experts and doctors from around the globe who have been vocal about their concerns of the high costs…

Canadian Pharmacies - Setting the Record Strait About Safety

11 Jul: Canadian Pharmacies — Setting the Record Strait About Safety

Millions of Americans turn to international sources for foreign medication, Canadian pharmacies in particular ranking high on the list. They’re close to home, extremely competitive in pricing when it comes to foreign drugs, and have strict safety regulations. However, the federal government for the United States uses plenty of scare tactics in an attempt to make American citizens steer clear of foreign drugs, even going so far as making it illegal to buy drugs from international sources. Because they do not have the official stamp of approval from the Food and Drug Administration, the door is officially closed for consumers in America. However, anyone with savvy and a pinched budget is likely to opt for Canadian pharmacies. The price of…

How to Beat High Drug Prices By Comparing Low Cost Pharmacies

07 May: How to Beat High Drug Prices By Comparing Low Cost Pharmacies

  Anyone who lacks health-care insurance or is in the lower income brackets is well aware of the high cost of medical care and drug prices today. Many of these people are forced to go without life-saving treatment and to suffer unnecessarily. Even seniors who receive Medicaid may find themselves unable to afford their prescription co-payments. Sadly, studies show that elderly sufferers of high-blood pressure are one of the largest groups who go without treatment because of the high expense for life-saving medicine. In addition, untreated mentally ill patients or those who suffer from chronic or acute illness may wind up in emergency rooms, hospitals and needing ambulances, which cost everyone more in the end. Moreover, untreated injuries usually get…

08 Feb: Big Pharma making big cuts in R&D

According to reports, the axe is coming down all over the pharma world on research and development projects that are not yielding immediate results. AstraZeneca (Atacand, Crestor), GlaxoSmithKline (Advair, Boniva) and Pfizer (Benadryl, Lipitor) have all already begun to scrap projects, while others like Sanofi-Aventis (Allegra, Plavix) are about to pick up the trend and start making cuts. The cuts come as no surprise, as big pharma companies have been seeing there pipelines shrink since 1998, when the trend to buy out drug rights from smaller bio-tech companies began. Despite the increased cost efficiency of buying drugs from smaller bio-techs, I am not so sure that big pharma is going to like the end result of their decision. Stephen Foley…

04 Mar: Why do Americans pay so much more for prescription drugs?

Boy, Big Pharma is good. They repeat the same story again and again and pretty soon the media is repeating it again and again, too. Forget digging, researching, checking for yourself — none of the conventional techniques of journalism seem to be powerful enough to withstand Big Pharma’s daily drip-drip-drip propaganda stream. Of course, it doesn’t help that Big Pharma’s bought-and-paid-for Washington politicians have been taught to spout the same fictions as well. On the issue of the safety of buying drugs from Canadian pharmacies, the clear and indisputable facts are (1) Canada’s drug approval standards are as good, if not better, than those of the United States, and (2) no American has ever been harmed by ordering drugs online…

22 Oct: Have high-priced prescription drugs jumped the shark?

Call it wishful thinking — but check out this data from IMS Health, which shows that the use of prescription drugs is on pace to decline in the United States in 2008 after a decade of growth: The New York Times blames the trend on high drug prices combined with a bad economy. It reports that the implications are not good — If enough people try to save money by forgoing drugs, controllable conditions could escalate into major medical problems. That could eventually raise the nation’s total health care bill and lower the nation’s standard of living. Martin Schwarzenberger, a 56-year-old accounting manager for the Boys and Girls Clubs of Greater Kansas City, is stretching out his prescriptions. Mr. Schwarzenberger,…

03 Oct: Sometimes it’s good to count our blessings

  I don’t believe any nation — even one as great as the United States — should ever rest on its laurels. For this reason, I shout from the rooftops about the changes that I believe we need to make as a country, particularly when it comes improving our healthcare system. I believe that is the duty of every citizen. If you read this blog regularly, you know my story. I am suspicious of the motives and actions of large pharmaceutical companies. I am concerned that our government is not doing enough to protect us from corporate influence that leads to unsafe drugs being OKed by the government, skyrocketing prices for brand-name medications, and a lack of competition among drug…

13 Jun: Tracey Ullman on Buying Canadian Drugs

Comedienne Tracey Ullman debuted a new series on Showtime this season, and one of her funniest bits was making fun of FDA policy that — officially, at least — forbids American consumers from purchasing drugs from Canadian pharmacies. Check it out: It’s funny stuff. Of course, the reality, for those familiar with the law, is that the FDA permits U.S. citizens to order drugs in supplies of 90 days or less without fear of confiscation. It’s similar to the military’s “don’t ask, don’t tell” policy for gay soldiers. Though it wouldn’t happen in real life, Ullman’s skit does point out the true absurdity of the FDA’s official stance on Canadian drug reimportation. Fortunately, both John McCain and Barack Obama oppose…

16 May: Just how insured ARE you? Prescription drug co-pays are on the rise

Jo Hartley reports: “Health insurance companies are currently revising their pricing systems for very expensive drugs and they are now requiring patients to pay hundreds and sometimes thousands of dollars for prescriptions for drugs that may save their lives or slow the progress of serious diseases. “With the new pricing system, insurers have now abandoned the traditional arrangement in which patients pay a fixed amount for a prescription regardless of what the drug’s actual cost. Instead, now they are charging patients a percentage of the cost of certain high-priced drugs. This percentage is usually 20 to 33 percent and obviously this can amount to thousands of dollars a month for some patients.” Hartley continues: “It is not known how many…

10 Oct: Who doesn’t want free meds?

Does this video creep you out as much as it does me? If nothing else, it wins the “worst use of stock footage” award. I kind of doubt that executives in business suits are the ones worried most about the high cost of their prescriptions. And check out the slow-mo keyboard massage going on at the end of this. I have no idea what this Web site is up to — but it doesn’t exactly scream credibility.

10 Oct: Prescription Assistance’s “Orange Bus” is a PR steamroller

Just look at the amount of local news coverage the PPA’s “Orange Bus” campaign is getting across the country. It’s certainly no Straight Talk Express, but I guess people are so desperate for any kind of relief from high prescription prices that they’ll show up to see Montel Williams talk about how great Big Pharma is. Here’s an example of the news coverage this astroturf campaign has been getting.

05 Feb: Five Questions with Merrill Goozner

Merrill Goozner is one of our heroes. In fact, his 2004 book, The $800 Million Pill, was one of our inspirations for starting eDrugSearch.com. Obviously, ours is a for-profit venture — but we also think we are doing some good by offering consumers an alternative to Big Pharma’s rigged pricing system in the U.S. We recently asked Merrill about his interest in the pharmaceutical industry, his opinion on Canadian imports, and his predictions for the future of our healthcare system. Cary: You’ve covered many, many stories over the course of your career in journalism. What is it about the pharmaceutical industry that has captured and held your interest? Merrill: While attending the Breaux-Thomas commission hearings on Medicare reform on Capitol Hill…