Mt. Vernon Register-News

Opinion

November 12, 2013

Competitive market for drugs?

(Continued)

“The one that really blew my mind was the nasal spray,” said Robin Levi, Hannah and Abby’s mother, referring to her $80 co-payment for Rhinocort Aqua, a prescription drug that was selling for more than $250 a month in Oakland pharmacies last year but costs under $7 in Europe, where it is available over the counter. “

We spend far more per capita on medicines than other developed countries even though it is reported that we take fewer prescription medicines than people in other countries. Drugs account for 10 percent of the country’s $2.7 trillion annual health bill, said Gerard Anderson, who studies medical pricing at the Bloomberg School of Public Health at Johns Hopkins University.

In other countries the price of drugs are controlled. We kid ourselves that we have a competitive free market. How can you have competition when only one company makes the drug? We are not talking about the new “break the bank cancer drugs;” we are talking about common drugs that have been around for decades.

The article reports that they even pay generic drug manufactures to not produce a cheaper version in a plan labeled “Pay for Delay.” How do they manage to do this?

It is reported that $250 million last year was spent on lobbying for pharmaceutical and health products — more than even the defense industry — the government allows such practices because our politicians vote the way their campaign contributors pay them to. Lawmakers in Washington have forbidden Medicare, the largest government purchaser of health care, to negotiate drug prices. Unlike its counterparts in other countries, the United States Patient-Centered Outcomes Research Institute, which evaluates treatments for coverage by federal programs, is not allowed to consider cost comparisons or cost-effectiveness in its recommendations. And importation of prescription medicines from abroad is illegal, even personal purchases from mail-order pharmacies. They charge what they want to pay their bonuses and perks for their top executives.

Text Only
Opinion
  • Remember the pledge Editor:The county board chairman is not being factual with his recent comments concerning the Public Safety Tax Pledge made by the 2004-2010 County Board.First of all, the debt we were facing was caused by the foolish actions of nine board members of

    July 31, 2014

  • Back to the future for death penalty? The surreal national debate over the death penalty reached a climax of sorts July 23 in a prison execution chamber in Florence, Arizona. Double murderer Joseph Wood was put to death by lethal injection shortly after his lawyers went to the Supreme Co

    July 31, 2014

  • No Headline Provided House and Senate conferees have agreed on a $17 billion bill to address the scandal over poor health-care service at the Department of Veterans Affairs. The legislation is now on a fast track to pass Congress before its August recess, showing that Re

    July 31, 2014

  • Close the tax loophole that sends US corporations overseas Since we last overhauled our federal tax code, in 1986, countries around the world have lowered their tax rates, leaving the United States with the highest corporate tax rate in the developed word. At the same time, the system has become full of inef

    July 29, 2014

  • Israel and the U.S.: Whose survival instinct is stronger? There’s something darkly coincidental in the fact that the latest weapon to be deployed against the survival instinct of both Israel and the United States is an alleged “heartlessness” when it comes to children. The people of Israel are castigated in

    July 29, 2014

  • College cost isn't big problem for poor students To judge by this summer’s banner policy proposals, the most important question for higher-education reform right now is giving students easier access to loans. But evidence from Canada suggests those changes won’t address the greater need: Getting mo

    July 29, 2014

  • Ducks, geese a blessing I would like to respond to the “Geese and ducks causing problems in Veterans Park” article that was published in the Mt. Vernon Register-News on July 16, 2014. I must share that I do understand that at times there have been a great number of the Cana

    July 29, 2014

  • Money not always the answer I really have to stop and think sometimes. I challenge my thought processes when I write these columns. I am having a hard time with this one. It appears to me that every time a governmental agency or any of the entities that spend other people’s mon

    July 29, 2014

  • Teachers unions' destructive behavior You can always count on the national teachers unions to behave badly at their annual conventions, and they certainly didn’t let us down this month. In doing so, however, they let down many of their members, along with students who are working hard to

    July 26, 2014

  • Workers of the world, curb your ambitions A group of Democrats introduced legislation this week to protect low-paid shift workers from last-minute changes in their schedules. The idea fits into an intriguing category of economic activism: Not trying to lift low-paid workers out of poverty, n

    July 26, 2014

Twitter Updates
Facebook
Stocks