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My medicine went up how much??
If you’ve noticed a large increase in your medication this month, don’t blame your pharmacist, blame your government.
We work under a system of PBM’s or Pharmacy Benefits Managers. You will know them from the name on your prescription coverage card.
I won’t consider even naming them here for liability purposes, however, as an American citizen I do have a right to discuss a federal institution that is funded by our tax dollars, mine and yours.
The FDA has initiated a requirement of documentation of why a drug company needs to increase the price of the medication. Ok?
Normally, manufacturers increase drug prices due to clinical trials or to make additional medication due to demand. I’ve seen it happen every few years but nothing like what is occurring now. Greater demand requires more personnel, more electricity, more benefits, yada, yada, yada. This is normal and not out of the ordinary. Like any business, as costs increase, so do prices. It’s the law of supply and demand.
However, drug manufacturers have decided to take advantage of the end of the year and our costs are rising like dandelions in my yard!
Since they won’t be able to raise the price of drugs after January without an “act of congress”, your drug costs are skyrocketing. As are mine!
Unfortunately, those same PBM’s I mentioned earlier are much slower to update price increases than the drug companies are to update their own prices. The funny thing is that almost every pharmaceutical manufacturer that you can name, owns its own PBM, and often a pharmacy or mail order chain as well. Just so you know, that same type
of monopoly is what caused Microsoft to have to split.
For example, I order a drug on September 30 for $24.00 per 100 tablets. The next day, I order the same medication for $54.00. In one day, the manufacturer has increased the price over 100% but your insurance company hasn’t done that yet. So what happens next?
Either you or I pick up the difference.
Is this what Obama care is like? Oh yes, and then more.
Already, clinics are turning away a huge number of Medicare and VA patients to give them time to settle in with a new doctor that can afford the low reimbursement and the time that it takes to receive that reimbursement. (Often 60-120 days)
What would happen if you only got paid every 4 months?
Basically, the result is, you pay your doctor or you pay your insurance premiums.
For decades, America has been one of the top countries in medical care. Having worked in Houston, I saw so many people from every nation in the world coming to MD Anderson for cancer treatment.
Not to mention research hospitals such as the Mayo clinic or Boston general, that have patients worldwide.
One question stands foremost in my mind, as a self employed pharmacist and a provider of benefits to my loyal employees, do I want to see them subjected to socialized medicine? No, I do not.
I would rather medicine return to natural remedies and healers than see the pharmaceutical industry providing our (including my own and my children’s) healthcare.
That is exactly what they are doing each time they require a physician to explain to them why they chose to prescribe a certain medication.
I’m so sick of this! To think that these politicians, in the pockets of every lobbyist group, the largest being pharmaceutical companies, can’t come to a conclusion without shutting down the federal government for the day? This tells me they’ve never worked for themselves a day in their life!
I’m amazed that these are the people we’ve elected to run this country.
I’m amazed that almost every elected official in the federal government is a career politician.
What happened to this country that SHOULD be in the hands of its citizens as outlined in the constitution, which we should all carry in our wallet? I don’t know a single hardworking American with ethics that could afford to run for election.
We have to face the fact that we have elected royalty.
Welcome to socialized Monarchy!
It works in the UK, but I think they have a better understanding if what is at stake.
Anyway.. That’s my opinion.
Think! Live! Love!