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Drug Prices | I Am So Annoyed

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Pharmas quickly raise prices for drugs

Monday, November 16th, 2009   7:31 am | Author: freethinker | Health/Medical, Politics/Government, Services/Products | Add Comment
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Last month the NYT ran a story about insurance companies raising premiums to ridiculous levels in anticipation of health care reform.

 

Now the second shoe drops. In another story today in the NYT reports that the drug companies are also raising rates on medications before any legislation is enacted.

 

Just another blaring indicator why health care reform is required immediately. These companies are just out to screw Americans as quickly as possible and boost their bottom lines.

 

The Times notes “Even as drug makers promise to support Washington’s health care overhaul by shaving $8 billion a year off the nation’s drug costs after the legislation takes effect, the industry has been raising its prices at the fastest rate in years.”

 

“In the last year, the industry has raised the wholesale prices of brand-name prescription drugs by about 9 percent, according to industry analysts. That will add more than $10 billion to the nation’s drug bill, which ..continue reading

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