Thursday, April 6, 2017

Prescription Drug Prices are Outrageously Expensive

In 2013 per capita spending for prescription drugs was $858.  The mean expenditures in 19 other industrialized countries was $400.  That gap has increased even more in the last 3 years.  While increased research costs have accounted for some of the increased prices, gouging by Big Pharma is a much bigger factor in my opinion.  While drug substitution by pharmacists, greater availability of generics, and authorizing Medicare to negotiate prices with drug companies might have some impact, a much wider acceptance of natural remedies that are effective would have much more influence.

See  Sept. 15, 2016 issue, p. 32-33.