4 GOP Senators want to raise RX drug costs
- Thread starter NYShoreGuy
- Start date
A drug bill has been in the works for decades as separate legislation. It was combined into the IRA and some of the GOP are trying to have it removed so they can go back to the drawing board.
One of the key issues is to allow Medicare to negotiate drug prices without stifling innovation.
One of the key issues is to allow Medicare to negotiate drug prices without stifling innovation.
Understanding The Democrats’ Drug Pricing Package | Health Affairs Forefront
The Inflation Reduction Act’s drug pricing reforms include Medicare drug price negotiation, Medicare inflationary rebates, and Medicare Part D redesign. The drug pricing reforms in the IRA are narrower than those in earlier Democratic reform bills, but they have the potential to transform the...
www.healthaffairs.org
A drug bill has been in the works for decades as separate legislation. It was combined into the IRA and some of the GOP are trying to have it removed so they can go back to the drawing board.
One of the key issues is to allow Medicare to negotiate drug prices without stifling innovation.
Understanding The Democrats’ Drug Pricing Package | Health Affairs Forefront
The Inflation Reduction Act’s drug pricing reforms include Medicare drug price negotiation, Medicare inflationary rebates, and Medicare Part D redesign. The drug pricing reforms in the IRA are narrower than those in earlier Democratic reform bills, but they have the potential to transform the...www.healthaffairs.org
But it can’t possibly pass while Biden is president… so rather than push a nonsense bill just so they can argue against what the democrats did, how about they actually draw something on that drawing board and propose something better?
Much easier to just be against everything than actually propose a fix though.
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This bill seems silly. Good policy to allow Medicare to negotiate drug prices, realizing that this will/may cause some loss of innovation but is it right for the U.S. to continue to subsidize the pharma industry like we've been doing?
Also, remember that generic drugs are incredibly cheap now with alternatives like Amazon Pharmacy and Mark Cuban's Cost Plus Pharmacy. Anyone should use generics if possible and use these sources as they save a TON of money.
Also, remember that generic drugs are incredibly cheap now with alternatives like Amazon Pharmacy and Mark Cuban's Cost Plus Pharmacy. Anyone should use generics if possible and use these sources as they save a TON of money.
Bingo, and we should also be less reliant on them. Our drug utilization dwarfs every other industrialized country, yet we are unhealthier.
Our spending dwarfs others. Our usage while at the high end is similar to several other countries.
I agree we should be less reliant on them though.
COVID-19 has further exposed the deep rifts within the U.S. healthcare system, and nowhere are the troubles more evident than in prescription drug statistics. Around 13% of the U.S population reported that they started or increased their drug usage to cope with pandemic-related stress and emotions. At the same time, prescription drug spending has continued to rise faster than the inflation rate. This article will look at prescription drug price trends, usage statistics and the number of medications the average American takes
In 2019, the number of prescriptions dispensed for those drugs was around 4.22 billion, for an average of nearly 13 prescriptions per person. The most frequently prescribed medications during physician office visits were analgesics, cholesterol medications and antidepressants.
https://www.drugmart.com/articles/2022-prescription-drug-statistics-trends
Right. Not trying to say that we don’t use a lot of medication, we do. It’s just on par with many other developed countries. The main difference is that we pay more.
Prescription Drug Spending Why Is the U.S. an Outlier?
Prescription drug spending in the U.S. far exceeds that in other high-income countries.
Findings and Conclusions: Various factors contribute to high per capita drug spending in the U.S. While drug utilization appears to be similar in the U.S. and the nine other countries considered, the prices at which drugs are sold in the U.S. are substantially higher.