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Why Prescription Drugs Cost So Much | Michael Rea | TEDxKC
 
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Would you be mad if you found out you were paying as much as 2000% more than your neighbor for a prescription? Furious, Michael Rea left his job as a pharmacist eight years ago to pursue a solution to the runaway cost of prescription drugs. Dr. Michael Rea founded Rx Savings Solutions in 2008 after routinely witnessing consumers struggling to pay for their medications. He noticed quickly at that time that consumers were paying much more than they needed to, which was attributable to a lack of information available to them. He set out on his mission to arm consumers with this information and add efficiency and transparency back into the world of pharmacy. Dr. Rea has been involved with research surrounding pharmacy transparency for over 10 years. He received his Doctor of Pharmacy degree from Creighton University. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
Views: 23456 TEDx Talks
This Is How One Company Is Bringing Down Costs of Generic Drugs | NBC Nightly News
 
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Advocates say this company's approach to insurance companies and patients’ prescriptions could be the future. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News is a leading source of global news and information. Here you will find clips from NBC Nightly News, Meet The Press, and our original series Debunker, Flashback, Nerdwatch, and Show Me. Subscribe to our channel for news stories, technology, politics, health, entertainment, science, business, and exclusive NBC investigations. Connect with NBC News Online! Visit NBCNews.Com: http://nbcnews.to/ReadNBC Find NBC News on Facebook: http://nbcnews.to/LikeNBC Follow NBC News on Twitter: http://nbcnews.to/FollowNBC Follow NBC News on Google+: http://nbcnews.to/PlusNBC Follow NBC News on Instagram: http://nbcnews.to/InstaNBC Follow NBC News on Pinterest: http://nbcnews.to/PinNBC This Is How One Company Is Bringing Down Costs of Generic Drugs | NBC Nightly News
Views: 4276 NBC News
Generic Vs Branded Drugs
 
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There are a lot of myths and misconceptions surrounding Generic Drugs. This infographic is created by MHC Asia Group for MHC Medical Network to educate its clients and help them make informed decisions. Good public health education can help companies work towards a more cost-effective healthcare solutions. Disclaimer: The information contained inside this infographic is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the infographic or the information, products, services or related graphics contained inside the infographic for any purposes. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this infographic. Music license certificate #19634 from Bensound.com
Views: 51889 MHC Corporate
Why Are Prescription Drugs So Expensive?
 
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» Subscribe to NowThis World: http://go.nowth.is/World_Subscribe The First Amendment protects free speech, but there are some exceptions. How annoying can you be before it becomes illegal? Learn More: There's Actually Free Speech Zones http://www.cnn.com/2012/09/02/politics/rnc-protest-vermin-supreme/index.html?iref=allsearch First Amendment: An Overview http://www.law.cornell.edu/wex/first_amendment "The First Amendment of the United States Constitution protects the right to freedom of religion and freedom of expression from government interference." Who is the Reasonable Person? http://www.lclark.edu/live/files/7230-lcb144art1moranpdf "As the common law's most enduring fiction, the reasonable person fulfills a great many different roles across very different bodies of law." Harassment http://definitions.uslegal.com/h/harassment/ "Harassment is governed by state laws, which vary by state, but is generally defined as a course of conduct which annoys, threatens, intimidates, alarms, or puts a person in fear of their safety." Reasonable Person http://definitions.uslegal.com/r/reasonable-prudent-man/ "Reasonable or Prudent man is a hypothetical person used as a legal standard especially to determine whether someone acted with negligence." Watch More: Is Online Trolling Illegal? https://www.youtube.com/watch?v=vdVJ2L8SabU _________________________ NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today. More from NowThis: » Subscribe to NowThis News: http://go.nowth.is/News_Subscribe » Like NowThis World on Facebook: https://go.nowth.is/World_Facebook » Connect with Judah: Follow @judah_robinson on Twitter – Facebook: http://go.nowth.is/LikeJudah » Connect with Versha: Follow @versharma on Twitter – Facebook: http://go.nowth.is/LikeVersha http://www.youtube.com/nowthisworld
Views: 108242 NowThis World
Why are generic drugs cheaper? | By Ishan [Hindi]
 
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Why are generic drugs cheaper? | By Ishan [Hindi] For developing a formula of a branded drug it requires lots of investments for research and development. In order to get that investments back they will charge more within that patent time, once the patent time is over any one can produce that medicine with same formula. So the cost of that medicine includes all costs incurred to develop the drug and benefits of the manufacturer. When it comes to Generic drug all that R&D costs will not be there so the generic drugs are cheaper. In India very few people are aware of this generic medicines, because of which people are spending more money on their medicines. That’s why recently Indian Government and The Medical Council of India (MCI) has mandated that generic names of drugs would have to be mentioned along with the brands in prescriptions to patients because there are so many medicines which are available in generics. Indian government is also encouraging the use of generic medicines by establishing some Jan Aushadhi Medical Stores in India and nowadays large number of retail generic outlets are appearing in the market and also there are some players who are selling generic medicines online like genericwala. I have switched over to buying generic medicines rather than the branded medicines and i usually order it online because it is cheaper and convenient for me. Disclaimer- Some contents are used for educational purpose under fair use. Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. All credit for copyright materiel used in video goes to respected owner. Keep Supporting Us :- Website : https://www.ishanllb.com/ Website : http://www.eisarahi.com/ Email : help@ishanllb.com Facebook Official : https://www.facebook.com/eisarahiofficial Facebook Page : https://www.facebook.com/IshanLLB/ Other Channel : https://www.youtube.com/ishanllb Twitter : https://twitter.com/ishanllb Tags :- generic medicine information in hindi,generic medicine definition in hindi,generic medicine,generic medicine meaning in hindi,generic medicine information in india,generic medicine vs name brand,is brand name better than generic,should i buy brand name?,Why are generic drugs cheaper,जेनेरिक दवा,Generic Medicine Vs Branded,generic dawa kya hai,जेनेरिक दवा की पहचान,generic medicine itni sasti kaise,generic medicine kaise kharide,ishan health,ishanhealth,generic
Views: 8079 ISHAN HEALTH
Why a patient paid a $285 copay for a $40 drug
 
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Americans pay more for prescription drugs than any country in the world, and the pharmaceutical industry earns billions in profits each year. Critics blame pharmacy benefit managers, or PBMs, for a portion of those high costs through their role as middlemen between insurance plans, drug makers and pharmacies—but PBMs say they save consumers money. NewsHour Weekend Megan Thompson reports.
Views: 20370 PBS NewsHour
Why Do Generic Drugs Cost So Much?
 
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Generic Medications Cost too much money! There's a wide variability in the cost of generic medications from pharmacy to pharmacy. Researchers at Saint Louis University surveyed 175 pharmacies and asked for their prices for the meds Lisinopril, Carvedilol, and Digoxin. These are common heart failure medications. The researchers found that the prices for three generic medications ranged from less than $20 to more than $150, with the highest price for all three medications being $397 for a 1 month supply! This is way too much money! If you spent $150/month on medications alone, it would cost $1800 for the year. In contrast, if you spent less than $20/month on these same medications, it would cost less than $240 for the year. This is a difference of $1,560. Unfortunately, these costs have the greatest adverse effect on low income communities because they may not have the transportation resources to drive to these less expensive pharmacies. A possible solution is Direct Primary Care. DPC doctors like myself buy medications at wholesale prices and give them to our patients at cost, or with a 10% mark up to cover the cost of shipping and handling. For example, at our clinic Plum Health DPC, we can wholesale these same three medications for about $18/month. You can find out more about our services at http://www.plumhealthdpc.com/ Table of Contents: 00:00 - Welcome 00:12 - Article on the Variability in Retail Pricing for Generic Drugs for Heart Failure http://jamanetwork.com/journals/jamainternalmedicine/fullarticle/2582937 00:28 - Overview of Heart Failure Disease Burden 00:35 - CDC Fact Sheet on Heart Failure 00:53 - Variability in Retail Pricing for Generic Drugs for Heart Failure 01:35 - Methods 01:47 - Map of Variability in Retail Pricing for Generic Drugs for Heart Failure http://jamanetwork.com/data/Journals/INTEMED/0/ild160060f1.png 02:49 - Table: Median Pharmacy Price for Digoxin, Lisinopril, and Carvedilol http://jamanetwork.com/data/Journals/INTEMED/0/ild160060t1.png 03:16 - Discussion of Findings in JAMA Article 03:50 - How we save you money 04:00 - Plum Health DPC prices for Carvedilol 04:29 - Plum Health DPC prices for Lisinopril 04:48 - Plum Health DPC prices for Digoxin 05:06 - Total Savings Bonus: article from St. Louis University about the study with a photo of Dr. Paul Hauptman http://www.slu.edu/news/2016/november/variability-in-generic-heart-failure-drugs.php
Views: 161 Plum Health DPC
Generic Drugs Become Expensive
 
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Disturbing trend in drug pricing… next When Cheap Generics Morph Into Expensive Prescriptions Dr. Jack Cush writing in Rheumnow reported The Wall Street Journal has issued an alarming trend in generic drug pricing that affects many, especially the elderly and those with arthrtis. Pharmaceutical companies have developed a growing number of combined generic products whose sum is far more than the cost of the individual generics. For example, the migraine medication Treximet has two active ingredients—sumatriptan and naproxen. As generics these two drugs may result in a copay is zero dollars for the average patient. A box of nine tablets of Treximet costs $728.67, according to Truven Health Analytics. But the average actual cost for a box is about $353, and the cost of its two constituents, sumatriptan and naproxen, would cost around $19, according to GoodRx. Others combo agents in this category include acne cream Acanya, Duexis and Vimovo for arthritis pain and the weight-loss pill Qsymia. Comment: Pharmaceutical companies can be sneaky I think.
Views: 148 Nathan Wei
Conversation about drug pricing | Health care system | Heatlh & Medicine | Khan Academy
 
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Dr. Laurence Baker talks to Sal about how drug prices are set. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/science/health-and-medicine/health-care-system/v/health-care-costs-in-us-vs-europe?utm_source=YT&utm_medium=Desc&utm_campaign=healthandmedicine Missed the previous lesson? https://www.khanacademy.org/science/health-and-medicine/health-care-system/v/blue-cross-and-blue-shield?utm_source=YT&utm_medium=Desc&utm_campaign=healthandmedicine Health & Medicine on Khan Academy: No organ quite symbolizes love like the heart. One reason may be that your heart helps you live, by moving ~5 liters (1.3 gallons) of blood through almost 100,000 kilometers (62,000 miles) of blood vessels every single minute! It has to do this all day, everyday, without ever taking a vacation! Now that is true love. Learn about how the heart works, how blood flows through the heart, where the blood goes after it leaves the heart, and what your heart is doing when it makes the sound “Lub Dub.” About Khan Academy: Khan Academy is a nonprofit with a mission to provide a free, world-class education for anyone, anywhere. We believe learners of all ages should have unlimited access to free educational content they can master at their own pace. We use intelligent software, deep data analytics and intuitive user interfaces to help students and teachers around the world. Our resources cover preschool through early college education, including math, biology, chemistry, physics, economics, finance, history, grammar and more. We offer free personalized SAT test prep in partnership with the test developer, the College Board. Khan Academy has been translated into dozens of languages, and 100 million people use our platform worldwide every year. For more information, visit www.khanacademy.org, join us on Facebook or follow us on Twitter at @khanacademy. And remember, you can learn anything. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Health & Medicine channel: https://www.youtube.com/channel/UC1RAowgA3q8Gl7exSWJuDEw?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 53614 Khan Academy
CVS Sued Over Generic Drug Pricing
 
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CVS is accused of charging some customers more than others for the same generic drug; KDKA's Jon Delano reports. FULL STORY: http://cbsloc.al/1hb1Jzs
Views: 174 CBS Pittsburgh
Why aren't generic drugs coming to market sooner?
 
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The FTC's recent $1.2 billion settlement over the drug Provigil has brought so-called "pay for delay" deals for generic drugs back into the spotlight. Opponents say these deals delay generic medications to market, costing consumers billions. But drug companies say that the deals help get generics to market by avoiding lengthy patent litigation. NewsHour's Megan Thompson reports.
Views: 3267 PBS NewsHour
Soaring prices of generic drugs under scrutiny
 
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Scathing criticism is arising from leading doctors about the soaring cost of generic prescription drugs. Generics make up 86 percent of the prescriptions in this country. Dr. Holly Phillips joins "CBS This Morning" to discuss the recent opinion piece in the New England Journal of Medicine.
Views: 287 CBS This Morning
Generic drugs don't necessarily mean low prices
 
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NewsHour Weekend Megan Thompson reports on the surprising disparity in pricing for generic drugs. Generics, generally thought to be cheap, can actually vary widely in price from pharmacy to pharmacy, causing some to skip medications altogether.
Views: 5475 PBS NewsHour
Generic Drugs: Learn about the Lifecycle from Brand Name Prescriptions to Generics
 
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Ever wonder why generic drugs cost $4 at some pharmacies? Generic drugs are the final stage in a long lifecycle that starts with innovator biopharmaceutical research companies researching and developing brand prescription medicines. This video highlights the stops & starts, successes & failures that often result in low-cost options for many people. Keep in mind as you watch that only 2 out of 10 drugs approved by the FDA will ever earn revenues that exceed average R&D costs. Help others understand the story behind the prescription drug lifecycle by sharing this video.
Views: 47174 PhRMAPress
How Trump plans to lower drug prices in US
 
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Dr. Janette Nesheiwat and Heritage Foundation senior fellow Ed Haislmaier discuss why European countries are paying less for prescription drugs than the United States and how the Trump administration plans to combat this problem.
Views: 5053 Fox Business
Generic Drug Pricing
 
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Generic Drug pricing
Views: 75 Pharmacy ND
Generics—Anything But Generic! Understanding the Unknowns and Pricing of Generic Drugs
 
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Join this informative one-hour webinar to learn about generic drugs and generic drug pricing. Hear strategies you can implement to ensure you are receiving the best generic rate possible for your plan. Gain an understanding of a MAC list, the qualifications generic drugs must meet to be on a MAC list, and how MAC and non-MAC pricing affect your overall costs. Learn about other generic drug topics such as the role of biosimilars, specialty generics, preferred/non-preferred generic copay strategies and managing generic drug shortages. Leave this session armed with information to proactively limit generic drug cost increases while implementing plan design changes that increase the utilization of generic drugs.
FDA on target to approve record number of generic drugs
 
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Commissioner Scott Gottlieb details move that could lower cost of prescription medicine for millions on 'Journal Editorial Report'
Views: 2197 Fox News
New Plan Could Spur Generic Drug Competition & Reduce Drug Cost
 
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Lawmakers are considering a new plan to prevent pharmaceutical companies from blocking the creation of generic drugs. One America's John Hines has more from Washington.
Prescription Drug Costs
 
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Views: 199 WGBH News
Dr. Bimal Patel Discusses the Rising Costs of Generic Drugs
 
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Bimal Patel, PharmD, MS, Director, Health Outcomes Research, MedImpact Healthcare Systems, Inc., discusses MedImpact's work to identify, analyze, and evaluate generic medications that have become significantly expensive, and effective strategies for managing these costs. Dr. Patel also discusses the importance of communication among pharmacy benefit managers, plan sponsors, and physicians as generic drug costs continue to rise.
Views: 395 AJMCtv
Why Do Prescription Drugs Cost So Much?  Prescription Drug Distribution.
 
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Prescriptions Drugs are expensive. There are several reasons for how uch prescription drugs cost. The distribution of prescription drugs affects pricing negatively and positively depending on the circumstances. Most people don't know that some of that cost is out of the hands of Pharmaceutical Manufacturers. Pricing can take a roller coaster ride in the distribution cycle depending on how any drug wholesalers it passes through, shelf life, warehouse cost and other inventory management issues. Supply and demand can also play a factor and very from region to region where secondary drug wholesalers come into play. The answer is not always the same. We just know the prices are all over the map.
Views: 9444 webtalkingheads
Who has the lowest generic drug prices?
 
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John Matarese looks into the rising cost of generic medicine. ◂ Don't Waste Your Money with John Matarese. John Matarese shows why you could be wasting a lot of money. Don't Waste Your Money News, DWYM, Recalls, Deals, Coupons, Tips, Consumer News, Business News
The High Cost of Prescription Drugs in the United States
 
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This Special Communication presents evidence on elevated prescription drug prices in the US and suggests strategies to enhance pricing competition and generate evidence about cost-effective alternatives. Read the article at: http://ja.ma/2b6WPlI.
Views: 1208 JAMA
Clinton Urges U.S. Regulators to Examine Cost of Generic Drugs
 
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Democratic presidential candidate Hillary Clinton on Monday urged U.S. regulators to determine how to bring lower-cost generic drugs to market more swiftly and combat anticompetitive practices in the pharmaceutical industry. Clinton's requests to the Food and Drug Administration and the Federal Trade Commission were prompted by what she called the "egregious actions of Turing Pharmaceuticals," according to letters reviewed by Reuters. The company drew fire from Clinton last month after news reports that it had raised the price of Daraprim, a 62-year-old treatment for a dangerous parasitic infection, to $750 a tablet from $13.50 after acquiring it. http://feeds.reuters.com/~r/reuters/topNews/~3/s27OesRzyb0/story01.htm http://www.wochit.com This video was produced by Wochit using http://wochit.com
Views: 73 Wochit News
Ask UNMC: Cost benefit of generic drugs
 
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Why do generic prescription drugs cost less than brand name products? Charles Krobot, Pharm.D. College of Pharmacy Pharmacy Practice University of Nebraska Medical Center
Views: 258 UNMCEDU
Is profit or innovation driving the rising costs of drugs?
 
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Turing Pharmaceuticals sparked outcry when it raised the price of a single pill from $13 to $750. Judy Woodruff discusses the rising costs of prescriptions drugs with Dr. Peter Bach of Memorial Sloan Kettering Cancer Center and Dr. Thomas Stossel of Harvard Medical School. View the Full Story/Transcript: http://www.pbs.org/newshour/bb/profit-innovation-driving-rising-costs-drugs/
Views: 2594 PBS NewsHour
Drug costs at record high
 
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In the past year, generic drugs have nearly doubled in price. Less competition may be the cause for the surge in drug costs. Dr. Jon LaPook reports.
Views: 536 CBS Evening News
Pharmacy of the world -  Indian Generic Drugs : A Perspective
 
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www.genericdrugscan.com IN THE PREMIER LEAGUE: Globally India ranks among top 3 generic formulation exporters in Volume terms LEADING THE WORLD: India is among the top six producers of pharmaceuticals in the world. ADMINISTERING HEALTH: India ranks fourth in terms of total pharma market share in the Asia Pacific EXCELLENCE BEYOND COMPARE: Globally more than 90 per cent of formulations approvals for Anti-retroviral (ARVs), Anti-tubercular & Anti-malarial (WHO pre-qualified) have been granted to India. FILES OF HEALTH: India accounts for 30.3 per cent (2,911) of 9619 Drug Master Files (DMFs) filed with USA, which is the highest outside of USA A GIANT MARKET SHARE: India's pharmaceutical industry accounts for about 1.4 per cent of the global pharmaceutical industry in value terms HOME TO EXCELLENCE: 6 out of top 20 generic companies are from India. CATALYSING GROWTH: India's pharma exports stood at US$ 15.3 billion in 2014-15 TRUSTED QUALITY: Finished generics supplied from India account for 3.3 per cent of the global generics market by value. WORLD RENOWNED QUALITY: India has about 1400 WHO GMP approved manufacturing units A PHARMA HUB: Currently there are 10,500 manufacturing units and over 3,000 pharma companies in India, growing at an exceptional rate. GROWING CAPABILITIES: Pharmaceutical exports have grown at a CAGR of 21% per cent over the last decade MANUFACTURING EXCELLENCE: India has been accredited with approximately 1187 CEPs, more than 950 TGA and 584 sites approved by USFDA INOCULATING THE WORLD: Indian vaccines are exported to 150 countries THE CHAMPION BOOSTER: India produces 40-70 per cent of the WHO demand for DPT & BCG and 90 per cent of measles vaccine. A HELPING HAND: Approximately 70 per cent of the patients in developing countries receive Indian medicines through NGOs like The Clinton Foundation, Bill & Melinda Gates Foundation, Doctors Without Borders, the UNCTAD etc AFFORDABLE QUALITY: Manufacturing costs in India are approximately 35-40 per cent of those in the US due to low installation and manufacturing costs THE HEALING TOUCH: Healthcare expenditure by the Government of India is expected to touch US$ 91 billion by 2015 DEDICATED TO EXCELLENCE: 19 dedicated pharmaceutical SEZs in India are at various stages of development. CREDIBLE AFFORDABLE SUSTAINABLE: Contents Courtesy : India Brand Equity Foundation (IBEF) Generic Drug Scan I created this video with the YouTube Video Editor (http://www.youtube.com/editor)
Views: 64438 Generic Drug Scan
Generic Drug Prices are Going Up. In Some Cases, Way Up.
 
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Get more medical news analysis at http://www.medpagetoday.com or http://www.methodsman.com Want a great investment vehicle? How about this – if you used $10,000 to buy 3000 Mesalamine enemas in 2008, you could sell them today for $380,000. Sure – your garage would look a bit strange, but you can't blink at that return. Prescription drug prices are a frustrating little chunk of the economy that cause no end of strife to patients and doctors, and even the occasional politician. But generic drugs – they aren't a problem, right? As Obi-Wan Kenobi so aptly put it, speaking, I think, of generic drugs: "You were the chosen one". But a new study, appearing in the Annals of Internal Medicine shows us that some generic drug prices have been increasing. And, more interestingly, it begins to suggest why. Researchers from Harvard and the University of Florida pulled data from over 1 billion prescriptions to figure out what patients and insurers were paying for generic drugs from 2008 to 2013. That billion prescriptions represented just over 1000 medications, whose prices were individually tracked. But what gives this study its real kick is that they determined how much competition was in the market – in other words – how many generic manufacturers were making the drug. Want to take bets on how this worked out? The average drug increased in price by 30% over the study period. But be careful, this is complicated. Some of those 1000 drugs have almost no market. The average cost of a prescription went down by 14% over that period. This is not necessarily good news. Even if the average generic prescription cost went down, the spread was huge. Some drug prices increased a lot. What drove that increase? In short, lack of competition. The fewer manufacturers of a generic there were, the faster the price of that generic rose. This was true regardless of the starting price of the drug, though drugs that started off cheaper tended to grow faster. What you see in this graph is pretty clear. Generic prices go up more when there are fewer producers of the generic. Econ 101 stuff. By the way, just under half of the drugs were in a duopoly or less competitive situation. There are some fixes here. The Office of Generic Drugs now grants expedited review to generics entering a market where there is currently a monopoly present. But they do not expedite review of drugs trying to break into a duopoly or other less-than-competitive situations. Reducing regulations is a nice conservative principle that would probably increase competition and bring costs down. On the liberal side, we could also allow importation of generics from places like Canada to keep prices competitive. Isn't it nice when both sides can agree on an issue? Given the data laid out here, I'm sure we'll have a bipartisan drug-price-reducing bill on the president's desk any day now.
Views: 47 F. Perry Wilson
Brand vs. Generic Drugs.mov
 
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Rxvista.com facilitates to create awareness among users to cut the Healthcare Drug costs, generic versus Brand name drugs, cut cost of healthcare, cheap medicine, best medicine, save on healthcare
Views: 10523 rxvista
The Real Deal: Generic drug prices
 
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ALBANY -- If you take generic medications, you've likely noticed you're paying more for some of them. Certain drugs have quadrupled in price over the last year. Patients and pharmacists are furious and now lawmakers are looking to do something about it. "Last month, I had to order like 6 different prescriptions and it came to quite a bit," says Arlene Laboy of Sloansville. She recently received a warning from her pharmacist that she was not expecting, "they have told me that some of my medications are going to be increased," she says. Laboy, like millions of others, relies on a number of generic drugs to stay healthy and she's paying a lot more for a few of the same pills she's been taking for years. "It's a sporadic issue, it may be a handful of medications, maybe 15-20 at a time but what is incredible is the percentage of increase in price, something that could be 8 cents is now 9 dollars a pill," says John McDonald, owner of Marra's Pharmacy in Cohoes. A few examples, the price of Doxycycline, an antibiotic used to treat infections went from $20 for a 100-pill bottle in October of 2013 to nearly $2,000 a year later, Albuterol Sulfate, a common asthma treatment shot from $11 per bottle to $434. "There are different reasons, sometimes valid reasons‚there may be a raw material shortage, an FDA inspection may close down a few facilities usually in a foreign country and then there are times there are no valid excuses, we don't get a valid reason," McDonald says. Even if you're not taking any of the impacted medications, you're still paying for them, "we spend 15 cents of every premium dollar just on paying for drugs," says Paul Macielak, the President of the New York State Health Plan Association which represents insurers. And at the moment, he says, there is little oversight on how those prices are set, "pharmaceuticals today is the most profitable sector in healthcare, I mean I think the running profit is around 20%, overall that's more than five times what health plans and hospitals earn in terms of any kind of a margin, so that's something I think warrants somebody looking at," he says. Hearings are being held both on Capitol Hill and in Albany to discuss what can be done to increase transparency of generic drug pricing. "For the most part, generics are very cost effective options, the problem is though when you have these roller coaster episodes, it really wreaks havoc in the market," McDonald says. The Generic Pharmaceutical Association says while there have been some price spikes, they do not reflect the broader U.S. market, which includes 12,000 generic medications. Either way, for Laboy who is on a fixed income, these ups and downs are causing some serious budget issues.
Views: 361 CBS6 Albany
Generic prescription drugs skyrocket in price - why
 
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Why are some generic drugs fluctuating in price so much?
Views: 184 News 5 Cleveland
The Rising Costs of Prescription Drugs
 
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AARP on Skyrocketing Drug Prices, their Impact on Consumers and How People Can Save Highlights from the latest Rx Price Watch Report Exorbitant prescription drug prices are a hot button issue right now with no end in sight. From public outrage to Congressional hearings to pharma's 'bad boy,' Martin Shkreli, the concern about high drug costs isn't going away any time soon. And coming down the pike is a pipeline full of very expensive specialty medications. A new AARP report shows the prices of prescription medications are rising much faster than inflation. Recent data show that retail prices for over 600 of the prescription drugs most widely used by older adults increased at a rate that is 6 X higher than the inflation rate. This trend is unsustainable by any measure. The average cost for just one drug is $11,000 per year! More and more Americans are finding that they simply can't afford the prescription drugs that they need to stay healthy. As drug prices go up, all consumers get stuck with the bill in one way or another. Leigh Purvis, the Director of Health Services Research at AARP Public Policy Institute,talks about the current trends in retail prices of prescription drugs and highlights from the latest Rx Price Watch Report. For more informative videos go to: http://newsplexnow.com/
Views: 119 Newsplex Now
Prescription Drugs : The Costco Kickbacks  - The Fifth Estate
 
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Secret audio tapes and an exclusive television interview with an industry whistleblower reveal a shady practice that is industry-wide. A Fifth Estate investigation shows how Costco pressed one generic drug company for illegal payments to stock their products -- undermining government attempts to protect consumers. Two Costo executives pleaded guilty to professional misconduct in front of the Ontario College of Pharmacists and the company says it suspended the practices upon conclusion of its own internal investigation. Costco says it didn’t use the funds to “line our pockets” but on the contrary the payments “are used to defray our operating costs to allow us to pass the savings on to our customers.” Hear the secret audio tapes for the first time and meet the man who blew the whistle. And find out how Canadians could be saving billions on the cost of generic drugs. --- Subscribe for more videos from The Fifth Estate : http://bit.ly/25W8cpn Connect with The Fifth Estate online : Website : http://bit.ly/1d0FBxq Facebook : http://bit.ly/1UO9B8S Twitter : http://bit.ly/237VM8P Instagram : http://bit.ly/25W8SLs About the fifth estate : For four decades The Fifth Estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Habiba Nosheen, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.
Views: 149678 The Fifth Estate
Prescription Drug Pricing
 
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Prescription Drug Pricing
Yes, Generic Drug Prices Are Going Up!
 
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Click Here!! http://www.saturdaydiet.com for eCourses Yes, Generic Drug Prices Are Going Up! Generic drugs are seen as low-cost substitute for brand name drugs, however, the Senate's investigation into this problem has uncovered a completely different image. They found increasing prices for generic drugs, implying that many Americans experiencing ailments that require long-term drugs most likely can not afford the cost of these lifesaving drugs. Thanks for watching!! If you know someone who could benefit from this information, please feel free to forward it to them!! Bill and Joan Loganeski have discovered a meal replacement you can make at home for very little money and when combined with our Saturday Morning Diet plan it will help you lose the weight. The Saturday Morning Diet channel is our educational and information channel to help you use lose weight in a healthy way.weight loss, exercise, free, meals, meal plan, diets, program, easy, healthy, foods, quick, rapid, diet, health, how to lose weight http://www.youtube.com/subscription_center?add_user=joanloganeski
Views: 115 Joan Diet Bars
UK generic drugs pricing
 
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In this video, Fideres examines the pricing of UK generic drugs and related anomalous price increases.
Views: 16 Fideres
Managing Prescription Drug Costs
 
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Managing Prescription Drug Costs. Hello, I’m Matt Schwartz with Schwartz Insurance Group here in Louisville, Kentucky with another in our series in our video education series focused on employee benefits. The purpose is to teach you about the basic of reform and other benefits concepts, to share the latest ideas and tactics to help you be successful, and in short, to position you to “Be a PRO!” with regards to your benefits, communication and culture. I want to talk today about prescriptions and prescription drug costs. For most employers, small or large, this is a big topic of conversation. Prescriptions typically run 20-25% of the annual “spend” on a health plan and so gaining control of those costs is obviously a very important strategy. For a long time we’ve talked about just the consumerism side of the equation. And so with that, we think about the difference between generic and name brands and helping people understand the safety of generic drugs and what the FDA does for those approvals – and educating folks on the fact that that is what they should be thinking about. Also, having folks ask questions at their physician’s office when something is prescribed. Literally having the pharmacy formulary list in-hand when to ask if it isn’t on level one of two, is there something safe to take that is on a lower level. A lot of states have laws where, if a prescription doesn’t say “dispense as written,” a pharmacy will automatically substitute a generic drug. Those are things we’ve talked about and you can also think about ideas such as mail order pharmacy where you can get a three-month supply for a one or two month co-pay. So, those are the things that are built in to a plan design that are kind of consumerism ideas. One of the other areas, especially as you get into the larger or self-funded market is just really thinking about what are the costs of drugs and how do we impact costs from a population standpoint. For example, one of the things recently that we’ve been utilizing is a program called Rx Choice which is basically a program that allows us to shop among Pharmacy Benefit Managers (PBMs). So we have the ability to take any employer’s data and go out and do a full look in the marketplace in terms of what are all the PBMS out there, looking at things such as their base prescription drug costs, administrative fees, dispensing fees, and even getting into topics of rebates and how they handle rebates. We also look at how their formulary operates. And how is their network set up? Would there be disruptions vs. the current scenario? The bottom line is that by looking at things like that you really can have impact on just the base spend that an employer has on prescriptions through their health plan. So, those are the types of strategies that a large employer should be looking at. If you’re simply insured through a carrier and using their affiliated pharmacy benefit manager, sometimes those aren’t the best deals – especially when you move into the unbundled arena. Sometimes, it is worth the effort to go look at alternates to see if you can reduce your drug spend. If there is a specific concern or question that you have – or if you have suggestions for future topics – please let us know. www.schwartzinsgrp.com (502) 451-1111. Matt Schwartz President Schwartz Insurance Group Louisville, KY http://youtu.be/1nMWJTn_jQ8
Views: 154 Gail Klotz
Save money on the cost of prescription drugs | Consumer Reports
 
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Paying for prescriptions is a challenge for many, even if you have insurance. Our health experts have several strategies that can save you plenty. Get free health insurance advice: http://bit.ly/1d86SB9
Views: 2556 Consumer Reports
New report finds prescription drug costs soaring
 
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An investigation into the cost of prescription drugs reveals huge price hikes over the past five years. Several brand name medications more than doubled in price. The Reuters analysis of 10 most popular drugs found the increases added billions to the nation’s health care spending for conditions like arthritis, asthma, and abnormal cholesterol. Lisa Gill of Consumer Reports joins “CBS This Morning” to discuss the dramatic price increases and impact on consumers.
Views: 785 CBS This Morning
Prescription Drugs Don't Have to Bust Your Budget
 
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ABC News' Rebecca Jarvis reports the latest news on ways you might save on medical costs.
Views: 1236 ABC News
The 1200% Increase in my Prescription Drug Costs
 
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In which Hank is pissed off because the price of his prescription drugs went up 1200% in one month. So he asks nerdfighteria to write a nice letter to Roger Boissonneault at rboissonneault@wcrx.com. If you could ask him why the price went up so much, why the program expired four months early, and why no effort was made to contact my doctor about these dramatic changes, that would be fantastic. Also, whatever else you want to say. I feel a little bit like this was a heroin deal "first time's free" kind of thing. Apparently, drug companies have the same marketing strategies as drug dealers...nice to know they're in such good company. HERE ARE A LOT OF LINKS TO NERDFIGHTASTIC THINGS: Shirts and Stuff: http://dftba.com/artist/30/Vlogbrothers Hank's Music: http://dftba.com/artist/15/Hank-Green John's Books: http://amzn.to/j3LYqo ====================== Hank's Twitter: http://www.twitter.com/hankgreen Hank's Facebook: http://www.facebook.com/hankimon Hank's tumblr: http://edwardspoonhands.tumblr.com John's Twitter: http://www.twitter.com/realjohngreen John's Facebook: http://www.facebook.com/johngreenfans John's tumblr: http://fishingboatproceeds.tumblr.com ====================== Other Channels Crash Course: http://www.youtube.com/crashcourse SciShow: http://www.youtube.com/scishow Gaming: http://www.youtube.com/hankgames VidCon: http://www.youtube.com/vidcon Hank's Channel: http://www.youtube.com/hankschannel Truth or Fail: http://www.youtube.com/truthorfail ====================== Nerdfighteria http://effyeahnerdfighters.com/ http://effyeahnerdfighters.com/nftumblrs http://reddit.com/r/nerdfighters http://nerdfighteria.info/ A Bunny (\(\ ( - -) ((') (')
Views: 646506 vlogbrothers
Crunching the numbers on high drug costs - the fifth estate
 
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As part of our investigation into pharmaceutical cost in Canada, The Fifth Estate obtained research from Express Scripts Canada, one of the country's top drug research companies, to find out how much money is wasted on prescription drugs in Canada. --- Subscribe for more videos from the fifth estate : http://bit.ly/25W8cpn Connect with the fifth estate online : Website : http://bit.ly/1d0FBxq Facebook : http://bit.ly/1UO9B8S Twitter : http://bit.ly/237VM8P Instagram : http://bit.ly/25W8SLs About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.
Views: 2605 The Fifth Estate
Why are prices for generic drugs increasing?
 
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Some generic drug prices are skyrocketing. ABC Action News looks into why and what customers can do about it.
Views: 746 ABC Action News
Q&A - Generic drug pricing and availability
 
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http://pharmacare2020.ca This panel focused on the challenges and innovations of generic drug pricing and availability in Canada. Pharmacare 2020 is an evidence- and experience- informed conversation on the future of drug coverage in Canada. This video was filmed during a Pharmacare 2020 symposium held in Vancouver, BC on February 26th and 27th, 2013.
Views: 260 Pharmacare2020
Part D Drug Plan -  How Formularies & Tiers Can Cost You!!
 
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http://www.FirstMedicareAdvisors.com - - Recorded Hotline: 1-800-958-8171 - Office: 1-800-825-2919. - - Email: info@firstmedicareadvisors.com - - PS: No Sales Pitches Ever! We hate'em as much as you do! The Medicare Part D is your drug coverage. Here is a key point: The Part D drug plan is completely different than the drug plan you may have had as an individual or at your workplace. They are not the same types of benefit. Part D Plans are required to cover certain types of drugs, but they may choose which drugs it covers. Your drug plans are offered by private insurance companies. Before we talk about drug tiers, let’s talk about how the companies offer their benefits: All prescription drug plans have a formulary that lists the drugs covered. By law, both brand name and generic drugs must be included in the formulary. They also must have a variety of those categories. Each plan’s formulary can be different from other company benefits. And formularies can change from one year to the next. Well, how does the drug plan create its formulary? The purpose of the formulary is to identify drugs that work for you. But - also price-effective for the company. The effort to control costs is why they use of drug tiers The companies divide the drugs they provide into “tiers.” The level each drug goes into is based on what price the plan pays to the pharmaceutical manufacturer. If a drug program receives a lower price on a drug, then it can place it in a lower tier and pass the savings onto you. Each plan has a different copay, coinsurance, and deductible. Therefore, you pay more for a drug on one plan’s formulary over another plan. Each insurance company decides its own tier formula. They may offer you a formulary with several different levels. The lower level drugs have the lower cost. The price increases based on the higher tier. If you have a question or need help with your different parts of Medicare give us a call at either our Recorded Hotline at 1-800-958-8171 and record your question or request. The second and quickest way is to call my office direct at 1-800-825-2919. You’ll get an answer to point you in the right direction. Here’s how drug tiers typically work: Tier 1 is usually generic drugs with lower costs. Tier 2 is usually “a preferred” brand name medication. These are drugs that the insurance company has negotiated to get lower prices. Tier 3 is called the “non-preferred” drug brands that are the same as the tier 2 brand names. But the plan must charge the drug company price. Tier 4 is usually the specialty drugs. You will often be required to pay a coinsurance and copay on these drugs. Tier 5 is usually the experimental drugs and cost the most. Most likely your formulary is going to change. Why? Because tiers will be changing for different drugs? For example, a few years back I was taking a drug called Lipitor. Man, was it pricey! But eventually, a generic called Atorvastatin came on the market. Fortunately - the price dropped dramatically. Regularly generic versions of drugs come into the market. The pricing for drugs may be renegotiated during the year. Both these scenarios can cause your plan to add or remove your drug from your formulary. The plan may move it to another tier. To save money you want to know and understand your plan’s drug tiers. When you enroll in a Part D plan check the tiers for the drugs, you currently take. Then you can calculate your copay or coinsurance. If you’re prescribed a new drug by your doctor, find it in your formulary and see which tier it is in. What happens if your doctor prescribes a drug that costs more because of a higher tier in your formulary? If that happens, ask your doctor to prescribe a drug that costs less on a lower tier. Generally, generics are a good place to look for prescription savings. Talk to your doctor about what lower-priced drugs may work for you. If you can’t find a good similar drug file a request and ask your plan to allow you to pay a lower price for a higher-level tier drug. If you need additional information about your prescription drug resources, give our office a call on our Recorded Hotline. That number is 1-800-958-8171 and then record your question or request. However, the best way is to call my office direct at 1-800-825-2919. You’ll get an answer to point you in the right direction.
Views: 247 Dale Stringer
Does CVS Jack Up Drug Costs If You Have Insurance?
 
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CVS, the largest pharmacy chain in America, is being sued by a California woman who claims the company charged more to customers who use insurance to pay for certain generic prescriptions. The lawsuit was filed on Monday by Megan Schultz, accusing CVS Health Corporation of a "fraudulent scheme." charging more to customers who use insurance to pay for certain generic prescriptions. A California woman is suing CVS, the largest pharmacy chain in America, for allegedly charging more to customers who use insurance to pay for certain generic prescriptions. The lawsuit, filed on Monday, accuses CVS Health Corporation of participating in a "fraudulent scheme." Schultz alledges she paid $165.68 for a prescription in July that, had she bought without using insurance, would have only cost $92. http://www.nbcnews.com/news/us-news/cvs-charges-more-generic-drugs-paid-insurance-lawsuit-claims-n791156?cid=public-rss_20170809 http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com
Views: 192 Wochit News
Generic Drug Pricing and Access in Canada: What are the Implications?
 
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Check out this video trailer for our latest report, running currently on TVO. http://healthcouncilcanada.ca/en/index.php?page=shop.product_details&flypage=shop.flypage&product_id=115&category_id=19&manufacturer_id=0&option=com_virtuemart&Itemid=170
Views: 462 healthcc