November 16, 2009

Big Pharma's Sneaky Trick

An excellent piece in today's New York Times lays out how Big Pharma has been promising to cut costs of its drugs (to the tune of $8 billion a year) to help make health care reform happen while at the same time it's going around raising the prices of its drugs to the tune of $9 billion a year. That's such typical behavior by the drug companies that I'm hardly surprised. They are a truly brazen bunch.

You just had to know that with Big Pharma openly supporting health care reform and alleged cost-cutting that something funny had to be going on. Now, we know what it was.

Posted by Philip Dawdy at November 16, 2009 11:11 AM
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It's perverse, but astronomical drug prices might be just the thing to move health insurers from covering pills but not psychotherapy to covering psychotherapy but not pills!

Yeah, I know, dream on, but when drugs cost hundreds per month it's no longer going to be a more "cost effective" form of treatment...

Posted by: Miranda at November 16, 2009 11:30 AM

All that will happen is that pharmacies will offer discounted older meds and coupons,cards,etc to show how they "care" and find a way to bill the government or work a kickback.

Posted by: lili at November 16, 2009 01:08 PM

Seroquel = R$ 400,00 28 pills (1 pill a day)
Effexor = R$ 90,00 14 pills (2 pills a day)
Klonopin - R$ 7,00 30 pills (1 pill a day)

I don't know the currency to change it to dollars but it's not that different.
They will now sell for China, already sell in Japan and are planing to sell in Armenia.
In India I believe they are already selling or starting.

Maybe that will cover this "lost".

Posted by: Ana at November 16, 2009 03:08 PM

I'd also like to know who the geniuses in congress were that agreed to this deal? Sadly, I think Americans are so frustrated with the political system that most people don't bother to know how their senator is voting and what agendas he/she is pushing...even when it comes to health care.
For once, let's pass a bill for the right reasons, not because votes were bought by some attached, unrelated agenda.

Posted by: Tina at November 17, 2009 01:48 PM
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