The horrible cost of RX
Wife with diabetic and rheumatoid arthritis got a printout of the RX cost from her health insurance company for the past 9 months.
I nearly fell out of my chair!!!
The amount for 9 months is over $77,660.
The most expensive were, in round numbers:
Novolog................$ 7,500
Lyrica..................$ 5,800
Leflunomide..........$ 1,700
Victoza................$ 7,100
Levemir...............$ 9,600
Humira...............$44,800
The others were about $300 or less.
Prescription drugs are far to expensive and big pharma is loving the money. :twisted:
I nearly fell out of my chair!!!
The amount for 9 months is over $77,660.
The most expensive were, in round numbers:
Novolog................$ 7,500
Lyrica..................$ 5,800
Leflunomide..........$ 1,700
Victoza................$ 7,100
Levemir...............$ 9,600
Humira...............$44,800
The others were about $300 or less.
Prescription drugs are far to expensive and big pharma is loving the money. :twisted:
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gruntled2 wrote:Is there really anyone here who can justify Truvada selling for over $1700/mo here & $8/mo in Australia? In many cases a company will buy a drug for a relatively small amount & then massively raise the price like with EpiPen. They can't use the excuse of development costs. If they can sell the same product in other countries for far less then we should at least be able to import them. As it is we are paying the development costs for the entire world.
Sorry Brother.
From what I have heard/been led to believe, "it is all Capitalism."0 -
mogley98 wrote:mogley98 wrote:Lots of things tie together. While we are celebrating and justifying the virtues of capitalism lets not forget it is only capitalist when it goes FOR the capitalist.
Remember all the trillions in bad bets (literally gambling) in investments of 2008 that Uncle Sam bought up with Tarp one of the biggest socialism plans of all, or Social Security and Medicare/medicaid pnzi schemes.
When Capitalism was due a fall Uncle Sam rushed in to save them, that isn't Capitalism.
All these Ambulance chasers looking to cash in on the "hang nail" side effect don't really scare the O's. They get paid regardless of how the company does and if the SHTF they have parachutes.
It only costs pennies to settle even some of the biggest lawsuits, Boeing isn't happy about the plane issues, but Exxon recovered from the spill Etc. Etc.
Bankruptcy is always another option the management gets paid, hell the last big one they even got bonuses from a bankrupt company!
Blame society, blame lawyers, blame politicians, blame capitalism, blame greedy execs of Pharm companies, blame people for unhealthy living habits, blame God if you want, but don't expect a major change LOL.
Yes Brother.
CEO's etc of these financially troubled Companies only deserve multi-million dollar compensations. Walk away clauses, Golden Parachutes, stock options, etc.
Barely making it companies, (laughable,) "Profit statements," ("14%") who believes that Sheeit?
Not me.0 -
KenK/84Bravo wrote:
Yes Brother.
CEO's etc of these financially troubled Companies only deserve multi-million dollar compensations. Walk away clauses, Golden Parachutes, stock options, etc.
Barely making it companies, (laughable,) "Profit statements," ("14%") who believes that Sheeit?
Not me.
If you refuse to believe anything that does not fit your preconceived beliefs, what is the point of even discussing anything?
Cannot imagine living in that bubble.
These are public companies. You can look at their financial statements.0 -
Don McManus wrote:KenK/84Bravo wrote:
Yes Brother.
CEO's etc of these financially troubled Companies only deserve multi-million dollar compensations. Walk away clauses, Golden Parachutes, stock options, etc.
Barely making it companies, (laughable,) "Profit statements," ("14%") who believes that Sheeit?
Not me.
If you refuse to believe anything that does not fit your preconceived beliefs, what is the point of even discussing anything?
Cannot imagine living in that bubble.
These are public companies. You can look at their financial statements.
I believe things that meet the Common Sense dictum.
You can believe any "financial statements" you wish. It does not make it True.
Believing that Drug Companies make 14% profit, is almost laughable to me. If you believe that, good for you.0 -
RJR - Nabisco is a publicly traded company - why can't they advertise and market their cigarettes and chaw and dip and blunts to children???
Why can't they make their products even more addictive and offer candy and fruit flavors...
Why can't they advertise on television especially during children's programming and cartoons...
Why is their product prohibitively taxed - why is it so hard to buy a pack - why can't they use be fine machines...
I mean it's a legal product made by a publicly traded company...
Sigh.
Mike0 -
"Ignorance on Display."
Certainily applies here.
YVMD.0 -
mogley98 wrote:Good thing you have insurance! Imagine letting someone you love suffer, deteriorate, or die because you couldn't afford the drugs!
I imagine if you are poor enough Uncle Sam takes good care of you through Medicaid, if you have a good job (fewer today) with healthcare or a Government job you are covered, if you are rich you are covered, but a self employed painter or something like that with some assets might just end up owing a zillion dollars, getting a judgement against them and losing their assets.
Too bad.Quick&Dead wrote:Wife with diabetic and rheumatoid arthritis got a printout of the RX cost from her health insurance company for the past 9 months.
I nearly fell out of my chair!!!
The amount for 9 months is over $77,660.
The most expensive were, in round numbers:
Novolog................$ 7,500
Lyrica..................$ 5,800
Leflunomide..........$ 1,700
Victoza................$ 7,100
Levemir...............$ 9,600
Humira...............$44,800
The others were about $300 or less.
Prescription drugs are far to expensive and big pharma is loving the money. :twisted:
Without the health insurance at her workplace, would never be able to afford the Rx let alone the Dr. visits, etc.0 -
why the hell should drugs be expensive to AMERICANS when we are expected to give them to all the illegals FREE ???????????????????????? 0 -
My solution for our over priced drugs is out of a spy vs spy novel. With all of the corporate espionage stealing secrets and producing all sorts of stuff, why aren't these patent protected drug formulas copied, made, and sold on the black market.
When it comes to life & death of a loved one, who cares if a person was saved because he\she found a cure illegally.0 -
Barzillia wrote:KenK/84Bravo wrote:"Ignorance on Display."
Certainily applies here.
YVMD.
I think you are missing the point.
First off, what you are putting in quotation marks was never said by me.
Secondly, while you certainly seem upset, you have provided no practical measures to address the issue. It is not a matter of who cares the most.
Third, I think there are multiple posters here, who are being gentle in trying to suggest to you the problems that will be involved, when and if you try to formulate a real response to the issue.
But by all means, since we all can agree that drug prices are sometimes absurdly high.... please tell us your solution.
I will say it one more time. Let us import the SAME meds they sell to other countries for FAR less. There is absolutely no reason we should be subsidizing the cost of research for the ENTIRE WORLD.0 -
gruntled2 wrote:Barzillia wrote:KenK/84Bravo wrote:"Ignorance on Display."
Certainily applies here.
YVMD.
I think you are missing the point.
First off, what you are putting in quotation marks was never said by me.
Secondly, while you certainly seem upset, you have provided no practical measures to address the issue. It is not a matter of who cares the most.
Third, I think there are multiple posters here, who are being gentle in trying to suggest to you the problems that will be involved, when and if you try to formulate a real response to the issue.
But by all means, since we all can agree that drug prices are sometimes absurdly high.... please tell us your solution.
I will say it one more time. Let us import the SAME meds they sell to other countries for FAR less. There is absolutely no reason we should be subsidizing the cost of research for the ENTIRE WORLD.
https://thehill.com/opinion/healthcare/369727-us-drug-prices-higher-than-in-the-rest-of-the-world-heres-why
I would encourage you to read the entire story in the link above.
It is not a question of importing meds, it is a question of state control of pricing.
There are upsides and there are downsides. From the link:
'Although this question is difficult to answer, several studies suggest that the benefit of lower prices today is offset by the forgone value created by drugs that never reach the market. According to one estimate, if the U.S. were to adopt European-level price controls, the reductions in U.S. prices today would result in 0.7 years lower longevity for future cohorts of Americans and Europeans due to fewer new drugs. This would cost Americans more than $50,000 per person when the value of foregone health is valued.'
There is not a simplistic answer to this question. If we squeeze research today, our children or children's children may miss out on a breakthrough in the treatment of alzheimer's, cancer, MS, etc.
Yes we subsidize the rest of the world when it comes to the expense of drug research.
Perhaps we should just demand that Germany, Britain, and China pay their fair share?
When they refuse to do so, should we stop as well?. Knowing that it would slow down development of new treatment options.
Perhaps those that do not want to pay for research simply refuse to take the expensive newer drugs. Your parents did not have them, and by refusing to pay the incentive to undertake the research, you will ensure that your children will not have much different than we do.
If dying half a year earlier is good enough for our parents, our sons, and our daughters, it should be good enough for us.
Maybe this is why health care is different.0 -
Barzillia wrote:KenK/84Bravo wrote:"Ignorance on Display."
Certainily applies here.
YVMD.
[/quote
First off, what you are putting in quotation marks was never said by me.
Secondly, while you certainly seem upset, you have provided no practical measures to address the issue. It is not a matter of who cares the most.
Third, I think there are multiple posters here, who are being gentle in trying to suggest to you the problems that will be involved, when and if you try to formulate a real response to the issue.
But by all means, since we all can agree that drug prices are sometimes absurdly high.... please tell us your solution.
First off Barz, I am pretty sure (while not in this particular post,) you did indeed post/say that. (Recently,) in another thread about this same subject. If I really cared enough, I would look for it and "quote" it for you.
Secondly, I am not "upset." I also do not believe I said that I cared the most.
Third, I believe that there an equal number of posters here that agree with my position. YVMD.
Lastly, I never said/ alluded to the fact that I had the "solution."
The current situation is somewhat ridiculous. Don's rationale that indeed the US, carries the largest burden of research and development hence our increased cost (per consumer) or consequently we can expect .7 years reduced lifespan. That particular fact, does not make me feel any better towards the implication that Drug Companies are making Americans pay a disproportionate share/amount of their Worldwide Profits for research and development. Perhaps if you factor in all the "losses" they are incurring - due to selling cheaply to other Countries, you can arrive at the magical "14% Profit." Personally I do not believe the 14% Profit statement, just because it is available in Public disclosure statements/Stock reports.
As another Member posted on this thread, (Truvada I believe.) Americans pay $1200/mo, while Australians pay $8/mo. (?) for the same drug. Yes, that sounds perfectly fair to me. Subsidized Insurance or not. Amaericans are and have been getting Royally screwed here, and in this respect. YVMD.0 -
What does 'YVMD' mean? 0 -
Not sure how the quotations got all screwed up on the previous post. I am not going to re-type it all. (I believe it can be figured out.)
Please do not get me wrong. I genuinely believe that both You and Don McNamus are incredibly Smart succesful gentlemen. We simply disagree on a few points. No intention to denigrate or insult either of you.
I extend Respect to the both of you.0 -
Don McManus wrote:What does 'YVMD' mean?
Sorry.
Your View May Differ.0 -
Why high RX costs?
Just one of the filth that sells the country down the river for bribes.
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