Duff Wilson, in an article published Monday by the New York Times, reported that "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 is on track to exceed $300 billion this year. By at least one analysis, it is the highest annual rate of inflation for drug prices since 1992."
Apparently members of Congress have received enough evidence to call for an investigation. Wilson noted in another New York Times' article yesterday that Democrats in the House submitted a letter to the Government Accountability Office requesting the investigation. The letter is quoted as saying "Any price gouging is unacceptable, but anticipatory price gouging is especially offensive."
No kidding! Even with health insurance, the prescription bills for our household equate to more than a week's worth of groceries. Greed knows no bounds. ~Kimberly
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More than a week’s groceries? Actually, you are fortunate. Being single, living on disability income now, my co-pays alone put me into the Medicare Part D payments by September, so you can imagine what comes out of my pocket each month. Every year our state makes a multitude of changes to our teacher retirement insurance. For 2010 they have “kicked” us out of Medicare and Part D to force us into a MedicareAdvantage program that will save THEM millions. If we don’t follow their guidelines we lose that insurance permanently. Out here we are fighting daily and with out doctors to jump through the complex hoops to make some effort for potential lowering of copays – and it’s one medication at a time. My meds keep me sane, but I wonder how I will continue to pay for them.