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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: 106071 NowThis World
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: 19035 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: 3312 NBC News
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: 264 CBS This Morning
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: 46390 MHC Corporate
Expensive prescription drugs in Canada : Canada’s Health Care Problem - the fifth estate
 
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Canada's health system is a source of pride for many Canadians. But we pay more for prescription drugs than almost every other country in the world -- and rising drug costs are taking their toll on people across the country. Canada is the only country in the world that has universal health care but no universal drug coverage. That means millions of Canadians cannot afford live-saving medication: they are splitting their pills, cutting back on their prescriptions, going deep into debt– and sometimes, even dying. The Fifth Estate investigates the rising cost of pharmaceuticals 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: 49550 The Fifth Estate
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: 156 Plum Health DPC
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: 2021 Fox News
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: 719 ABC Action News
Big Court Ruling Favors Generic Drugs
 
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The Times's Katie Thomas explains why a ruling in India favoring generic drugs has rippling effects around the world.
Views: 5848 NewCyberTv
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: 9341 webtalkingheads
Generic Drug Pricing
 
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Generic Drug pricing
Views: 60 Pharmacy ND
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: 143 Nathan Wei
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: 89484 The Fifth Estate
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: 3001 ISHAN HEALTH
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: 42 F. Perry Wilson
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: 50082 Khan Academy
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: 343 CBS6 Albany
Generic prescription drugs skyrocket in price - why
 
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Why are some generic drugs fluctuating in price so much?
Views: 177 News 5 Cleveland
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.
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: 44429 PhRMAPress
Prescription Drug Costs
 
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Views: 180 WGBH News
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: 5321 PBS NewsHour
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
Planet hope - India: the generic drug war
 
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Planet hope - India is the world's largest manufacturer of generic medicines. But a Supreme Court decision could upend the industry, the result of a long legal battle between a giant pharmaceutical company and advocates of generic drugs. What would the consequences be for millions of sick people around the world? Hannah Moffat brings you inspiring stories on how communities around the world are fighting poverty, illness and empowering children to live in a better world. All shows: http://www.france24.com/en/taxonomy/emission/20132 FRANCE 24 INTERNATIONAL NEWS 24/7 http://www.france24.com
Views: 36277 FRANCE 24 English
Generic Drug Prices vs. Brand Drug Prices
 
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According to FDA estimates, generics are 80%-85% less expensive than their brand-name drug equivalents. Competition and a patient-centered orientation are what make generics and biosimilars the solution that helps people live their lives, their way. The Association for Accessible Medicines and its members give millions of Americans what they need to need to live healthier, more productive lives. Learn more at accessiblemeds.org and share this video to show your support of the #medswithinreach campaign.
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: 254 UNMCEDU
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: 388 AJMCtv
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: 3124 PBS NewsHour
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: 10460 rxvista
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
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: 167 CBS Pittsburgh
Branded Medicine Costs 15 times More than Generic
 
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A Huge Difference Between Branded Medicines and Generic Medicines Rates, Cause of Brand Promotions Cost Visit our Website : http://V6news.tv Twitter : https://twitter.com/#!/V6News Facebook : http://www.facebook.com/V6News.tv Google+ : https://plus.google.com/109903438943940210337 V6 News Channel
Views: 183 V6 News Telugu
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: 522 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: 14841 Generic Drug Scan
Why Prescription Drugs Are Ridiculously Expensive
 
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June 4 -- Drug spending in the U.S. totaled $330 billion in 2013, according to one estimate. By 2020, spending on specialty drugs alone could reach $400 billion. Bloomberg explains why the costs of prescription drugs, especially specialty medicines, can be so high.
Views: 2826 Bloomberg
Prescription Drug Costs: Trends and Tradeoffs in the Pipeline from Lab to Market
 
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Innovative drugs have brought about significant progress in treating costly and complex conditions. While there is agreement among many stakeholders that some of these breakthrough drugs have had a positive impact on Americans’ health and life expectancy, increasing prices have also caused some confusion about the methods by which drug prices are determined. The goal of this briefing was to discuss recent prescription drug price trends, as well as demystify the pricing process. It identified contributors to the rising prices of many drugs, including shareholder interests and R&D costs, in addition to explaining possible future pricing-related challenges for manufacturers, providers, and consumers. Richard Evans, General Manager, SSR Health LLC, gave an account of recent price trends for both generic and single-source drugs, as well as talk about the effects of external pressures on increasing drug prices, including financial markets and the role of shareholder demands. Michael Gray, Vice President and Chief Strategy Officer of The Resource Group, Ascension Health, explained the concerns providers have with regards to recent increases in drug prices, primarily the cost-effectiveness discrepancy and the impact on patients’ ability to afford optimum care. Lori Reilly, Executive Vice-President for Policy & Research, Pharmaceutical Research and Manufacturers of America (PhRMA), explained the how the profits from drug sales allow for manufacturers to recoup the high R&D costs of new products, as well as contribute to facilitating further innovations and breakthroughs. Len Nichols, Director, George Mason University Center for Health Policy Research and Ethics (CHPRE), addressed the consumer’s role in the conversation and how increasing costs are impacting their health care. He will also talk about future policy and action items for lawmakers and stakeholders. Ed Howard of the Alliance for Health Reform moderated the panel discussion. Follow the Briefing on Twitter: #DrugCosts Contact: (202)789-2300 or info@allhealth.org
Save on Prescription Drugs
 
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How to keep prescription drug costs down: generic drugs.
Views: 371 Kiplinger
State Opportunities to Address Prescription Drug Costs in Medicaid
 
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The purpose of this briefing was to inform federal policymakers and stakeholders to the legislative and regulatory actions that state officials are pursuing to address the rising cost of prescription drugs in Medicaid. The event featured prominent state officials from Oklahoma and Colorado, and the director of the CMS Division of Pharmacy at the Center for Medicaid and CHIP Services. Panelists outlined the rationale for these actions, detail the mechanisms of state policies, and describe opportunities to leverage flexibility within federal parameters. Outpatient prescription drug coverage is an optional Medicaid benefit that all 50 states and DC have opted to provide. State Medicaid programs establish their own payment design for outpatient prescription drugs within parameters established by the federal government. The entrance of high-cost specialty drugs into the market and rising prices for generic drugs are contributing to cost increases for public and private payers. However, the rate of drug spending growth is higher in Medicaid compared to other insurers. The purpose of this briefing is to inform federal policymakers and stakeholders to the legislative and regulatory actions that state officials are pursuing to address the rising cost of prescription drugs in Medicaid. The event will feature prominent state officials from Oklahoma and Colorado, and the director of the CMS Division of Pharmacy at the Center for Medicaid and CHIP Services. Panelists will outline the rationale for these actions, detail the mechanisms of state policies, and describe opportunities to leverage flexibility within federal parameters. Moderators: Shawn Bishop, M.P.P., vice president, Controlling Health Care Costs and Advancing Medicare, The Commonwealth Fund Mary Ella Payne, M.S.P.H., R.N., acting president and chief executive officer, Alliance for Health Policy Panelists: John Coster, Ph.D., R.Ph., director, Division of Pharmacy, Center for Medicaid and CHIP Services, Centers for Medicare and Medicaid Services Trish Riley, M.S., executive director, National Academy for State Health Policy Terry Cothran, R.Ph., director, Pharmacy Management Consultants, University of Oklahoma College of Pharmacy Cathy Traugott, R.Ph., J.D., pharmacy clinical manager, Client and Clinical Care Office, Colorado Department of Health Care Policy & Financing
Deep Dive: Drug Prices and Access to Medicine
 
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The average annual cost of cancer drugs in the US now exceeds $100,000 and the price of more than 200 generic drugs doubled from 2013 to 2014. That puts them far out of reach for countess ailing people, including many with decent insurance. The industry argues that it needs the revenue for the complex and expensive research that leads to better treatments, but pharmaceutical executives are being pilloried in editorials and Congressional hearings, and consumer groups say marketing and profit are the real drivers of price. What’s behind the cost of drugs? What are the options for people who can’t pay it? Featuring: Kirsten Axelsen Geoffrey Chaiken Ken Davis Ezekiel Emanuel Lisa Gill Alan Weil, Moderator Kiah Williams
Views: 1212 The Aspen Institute
PRESCRIPTION MEDICINE PRICES IN THE PHILIPPINES
 
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I found some charts of generic prescription drugs in the Philippines with the name brand equivalents. The Generic Pharmacy supplies this data offering some choices on prescription medicines. Pharmacies in the Philippines vary in what they carry and if they carry generic medicines.
Views: 1885 Amazing Philippines
Alvogen founder: Generic drug price wars will drive consolidation | World Finance
 
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Generic pharmaceuticals has become big business in recent years, as the drug industry has ricocheted down a series of patent cliffs over the last decade. You'd think it would be triples all round for investors; but in the US, publicly listed generics companies have actually seen their market capitalisation drop 57 percent since January 2016. Robert Wessman, founder of Alvogen, explains that customer consolidation and over-leveraging to acquire assets has changed the industry permanently. Watch our other interviews with the Alvogen chairman and CEO, where he discusses the company's origins on a restaurant napkin, and his vision of leadership. For a full transcript visit: https://www.worldfinance.com/videos/alvogen-founder-generic-drug-price-wars-will-drive-consolidation For more World Finance videos go to https://www.worldfinance.com/videos/
Views: 12286 worldfinancevideos
Will Trump's drug prices plan make a difference for patients?
 
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President Trump revealed his blueprint to lower prescription drug prices as he railed against the pharmaceutical industry for making them unaffordable. Under his plan, "American Patients First," Trump proposes making it easier for generic drugs to enter the market and requiring drug makers to list prices in advertising. John Yang gets reaction from David Mitchell of Patients for Affordable Drugs. Find more from PBS NewsHour at https://www.pbs.org/newshour Subscribe to our YouTube channel: https://bit.ly/2HfsCD6 Follow us: Facebook: http://www.pbs.org/newshour Twitter: http://www.twitter.com/newshour Instagram: http://www.instagram.com/newshour Snapchat: @pbsnews Subscribe: PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts Newsletters: https://www.pbs.org/newshour/subscribe
Views: 5777 PBS NewsHour
Prescription drugs are skyrocketing
 
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BEAUMONT-By Jennifer Gordy If you have a heart condition, diabetes, high cholesterol, you know how expensive the drugs are to treat the condition. The cost of the drugs, whether generic or name-brand, is skyrocketing. Pharmacy Tech, Amy Lovoi, works at her family's pharmacy, Lovoi and Sons. Lovoi says, "We are definitely seeing increases a hundred percent, a thousand percent, and in some cases 6 thousand percent. We've been in business for over 80 years so my uncle and my father are aware of the costs of the drugs from way back when. When I inform them of the increases they are shocked." Some examples, Mycolog cream, an anti-fungal treatment, jumped from 49 dollars last July to 169 dollars this year. Amitriptyline, a generic drug used to treat depression, increased overnight this May from 18 dollars to four hundred dollars for a bottle of one thousand tablets. It's hard to pin down just what has catapulted prescription prices almost out of reach for some. Lovoi says, "I recommend you pick up the Wall Street Journal and take a look at what pharmaceutical companies are making. It's astronomical. They are making big dollars." Concerned citizen Joe Evans blames the President for the extra dollars they have to spend on prescription meds. Evans says, "I think the current administration has put these things in place so people will have to be at the mercy of the insurance companies and you have to buy the expensive insurance and expensive medicine. You just have to." Lovoi says some patients even consider stopping their medication because of rising costs. She warns that's not a good idea. Lovoi says, "When something is too expensive, we do take that extra step and call the doctor and talk to the nurse see if we can find an alternative for them that is less expensive. We don't want our patients to go without medication that's unhealthy and very risky. But the costs are causing a different kind of pain to the pocketbook. Lovoi says, "I just know that there doesn't seem to be an end in sight." Lovoi recommends getting your pharmacist involved in helping find a less expensive alternative, if a prescription becomes unaffordable.
Views: 181 KFDM YouTube
Rep. Schrader Introduces Bill to Lower Drug Costs
 
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Thank you very much, Mister Chairman. Last year, a constituent of mine named Susan contacted my office in dismay. Syprine, a drug she took for a rare disease, had risen in price from $600 a month to $22,000 a month over a very short period of time. The drug wasn't innovative – it wasn’t new. In fact, it was off-patent. It had first been approved by the FDA in 1985. So what changed? It wasn't the drug's formulation, the cost of ingredients or even a shortage of supply. The only thing that changed was that Valeant, the manufacturer of this prescription drug decided to raise the price, and raise it again, and again, and again, before long leaving Susan—in her own words—“hopeless.” There was no generic competitor for this drug, and she couldn't continue to afford that life-saving medication. Unfortunately, this not the first time we’ve heard a story like this. We all heard about Martin Shrkeli at Turing, who raised the price of Daraprim, another critical life-saving drug for those with rare disease, by over five thousand percent overnight. Overnight. Again, no generic competition for this drug. Nothing to force the price to come down. We’ve all known for a time now that this is an area Congress needs to act to ensure these abuses would not continue. I decided last year to work across the aisle with my good friend, Gus Bilirakis, to combat this problem and work to encourage generic competition where there isn't any on the market. We know that when generic drugs compete in the market, drug prices come down dramatically. Although nine out of ten prescriptions are for generic medications, generic drugs make up only 28% of the total cost of prescription drug spending. Unfortunately, though, some drugs for small patient populations may not attract the same interest from generic drug manufacturers due to market and regulatory uncertainty. This amendment takes many steps to encourage competition and lower prices here today. First, the amendment requires greater communication between the FDA and manufacturers for these competitive generic products before and during the application process. We have seen great strides toward faster drug approvals in the brand drug breakthrough process, and this is modeled after that. The base bill also puts the application on the accelerated review process timeline, bringing it to market quicker and cutting any unanticipated exorbitant profit margins unscrupulous actors plan to reap, and discouraging bad actors behavior in the first place. The amendment also creates an incentive for this select set of particular generic drugs to come to market by guaranteeing them the same six months of exclusivity that the vast majority of first generic drugs currently receive. Under current law, if a generic drug’s challenging a patented drug, they get this treatment. This would extend that treatment for new generic drugs competing with off-patent brand drugs where there is no competition. The amendment also closes a loophole and improves program integrity in the Tropical Disease Priority Review Voucher Program more consistent with legislative intent, ensures greater transparency at the FDA and studies what we can do to get more first-cycle approvals in the generic drug review program. There is no doubt that there is a lot more we can do to reduce drug prices going forward and we’ve heard that here today. But this amendment takes great steps toward quickly bringing more generic competition to the market, which can bring prices down dramatically. Again, I'd like to thank my good friend Mr. Bilirakis and the committee leadership for their work on this amendment and I urge my colleagues to support it. With that I yield back, Mr. Chairman.
Views: 34 RepKurtSchrader
Prescription Drug Costs Going Up
 
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The price of prescription drugs is skyrocketing. According to the U.S. Government Accountability Office, last year, the price index for the top 100 commonly used drugs has gone up 6.6 percent over the past five years.
Views: 330 FOX 2 St. Louis
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: 194 Dale Stringer
Marketing to Doctors: Last Week Tonight with John Oliver (HBO)
 
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Pharmaceutical companies spend billions of dollars marketing drugs to doctors. We have a few issues with that. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Views: 9734271 LastWeekTonight