The overall trend for many years now is that drug prices go up substantially more than the rate of inflation, and that continues to be the case. Even though it's up less than in the previous quarter, it is still a substantial increase, and this is added on to increases from previous quarters.
More Quotes from Sharon Treat:
Ultimately, we do have to fix the whole health care system in this country. But we don't have to wait for that to happen to get drug prices under control. We can do that now if the government would do the negotiating instead of turning over that job to private companies.Sharon Treat
And the incentives are completely wrong. It makes no sense to have multiple programs, and there is no provision for negotiating prices with the companies. Anyone who looked at the law as it was being passed knew that it was wrong, and now what we predicted is happening.
Sharon Treat
This plan works for those on the lowest end of the income spread, ... But for most people, the way it's set up, the insurance companies and pharmaceutical companies are going to make a killing.
Sharon Treat
On a drug-by-drug basis, someone could save well over 1,000 a year. For someone who is not covered by the soon-to-be-rolled out Medicare program and isn't elderly and doesn't have any coverage, 1,000 is huge. It explains why some people are doing this. It explains why at least 22 states this year looked at legislation addressing importation.
Sharon Treat
The idea is to set up several programs and let the consumer choose, ... But the problem is that a competitive model isn't good for everyone.
Sharon Treat
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