AuthorTopic: Pharmaceutical Price Gouging: It's not just Shkreli  (Read 1210 times)

Offline RE

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Pharmaceutical Price Gouging: It's not just Shkreli
« on: April 30, 2016, 09:39:56 PM »
You can cure the Cancer, then die broke and homeless.

RE

http://nhv.us/content/16055873-pharmaceutical-companies-raise-price-successful-oral-cancer



    Health News
Pharmaceutical Companies Raise Price of Successful Oral Cancer Medications Exponentially
Written by Emma Tiller on 01 May 2016

Since 2000, cost of certain oral medications for cancer treatment has increased multiple-fold. A new research has found that the average cost of certain orally administered treatments have increased significantly, even after the prices were adjusted for inflation.

The researchers have found that newer drug costs a lot more than drugs already present in the market. These drugs are preferred as they are less stressful on the patients than traditional chemotherapy treatments.

Between 2000 and 2014, 32 therapies have been introduced, indicating popularity of these medications. Researchers have compared products launched from 2000 to 2010 to those launched after 2010. It was found that a 63% rise has come in the mean monthly spending during the first year when the product was on the market.

Study author Stacie Dusetzina, of the UNC Lineberger Comprehensive Cancer Center, said that the main message is that these medicines are getting more expensive with time. Though there has been a push to create anti-cancer drugs for patients, the increase in prices is making it difficult for a patient to access the therapies.

“Patients are increasingly taking on the burden of paying for these high-cost specialty drugs as plans move toward use of higher deductibles and co-insurance -- where a patient will pay a percentage of the drug cost rather than flat copay”, said Dusetzina.

Shawn Osborne, vice president of Pharmacy and Supply Chain Services at University Hospitals of Cleveland, said that these types of cancer therapies are attracting more limelight because they are providing great results to patients.

Just because these drugs have been showing better outcomes for patients, manufacturers have been charging more. Also, just because the drugs are new, getting access to the drugs can be more expensive. The researchers predict that the drug prices will stop increasing at some point of time.

According to a report in Health Line by David Mills, "One of the drugs highlighted in the research was imatinib, also known by the brand name Gleevec. When it was launched in 2001, the average monthly cost was $3,346. In 2014, that monthly cost had risen to $8,479. That's an average annual increase of 7.5 percent. The researchers said the amount paid by health insurance companies was factored into the cost."

Venook said the prices also put doctors in a predicament. They want the best for their patients, but that might not always involve taking the latest cancer drug, especially if it's uncertain how well it will work on a particular patient. Venook said Gleevec can have good results, so it may be worth the cost. "It's a very effective drug," said Venook. "With that one, they should be able to charge a premium."

A report published in the Science Daily said, "New cancer drugs, taken in pill form, have become dramatically more expensive in their first year on the market compared with drugs launched 15 years ago, calling into question the sustainability of a system that sets high prices at market entry in addition to rapidly increasing those prices over time."

"The major trend here is that these products are just getting more expensive over time," said study author Stacie Dusetzina, Ph. D., at the University of North Carolina at Chapel Hill. She is also a UNC Lineberger Comprehensive Cancer Center member, and an assistant professor in the UNC Eshelman School of Pharmacy and UNC Gillings School of Global Public Health. "Patients are increasingly taking on the burden of paying for these high-cost specialty drugs as plans move toward use of higher deductibles and co-insurance -- where a patient will pay a percentage of the drug cost rather than a flat copay."

"Many people are complaining about the rise of drug costs in the country. Cancer patients are also suffering because of the increase in the price of oral cancer drugs. "The cost of certain oral medications for cancer treatment have increased multiple-fold since 2000, according to a study published today in the Journal of the American Medical Association," ABC News reports. The study also found that new drugs are getting even more expensive compared to drugs that are already on the market," according to a news report published by Parent Herald.

"The major trend here is that these products are just getting more expensive over time," study author Stacie Dusetzina said in a statement via ABC News. She also noted that this increase in drug cost is making it almost impossible for cancer patients to get access to these beneficial oral cancer drugs. No one is quite sure why oral cancer drugs continue to rise in cost. However, some analysts believe that drug manufacturers are charging more for the oral cancer drugs because many cancer patients prefer this treatment compared to chemotherapy.
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Offline Petty Tyrant

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Re: Pharmaceutical Price Gouging: It's not just Shkreli
« Reply #1 on: May 01, 2016, 01:57:19 AM »
Pharmacos are totally out of control, this is small potatoes compared to FAKING CLINICAL TRIALS FOR PSYCHOACTIVE DRUGS , wake up zombies.
« Last Edit: May 01, 2016, 02:05:24 AM by Uncle Bob »
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Offline g

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Re: Pharmaceutical Price Gouging: It's not just Shkreli
« Reply #2 on: May 01, 2016, 03:15:05 AM »
Pharmacos are totally out of control, this is small potatoes compared to FAKING CLINICAL TRIALS FOR PSYCHOACTIVE DRUGS , wake up zombies.

It's to late Unc.

The bad guys move very fast and their extremely effective. A huge number of the population are hooked on prescription drugs forever.

The Evil Presence I often speak of attacks with a power and methodical potent force that few recognize. There is no waking up a Zombie. :-\

"Once a Zombie, Always a Zombie,"  You can take it to the bank.

Offline RE

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It’s Not Just EpiPen which is seeing huge prices increases, so is Insulin
« Reply #3 on: August 28, 2016, 08:52:47 PM »
http://www.ianwelsh.net/its-not-just-epipen-which-is-seeing-huge-prices-increases-so-is-insulin/

It’s Not Just EpiPen which is seeing huge prices increases, so is Insulin
2016 August 28
by Ian Welsh


All those involved should go to jail, maximum security, where the nasty people are, and pharma production should simply be taken over by the government, while all patents are moved to a mandatory licensing system with durations slashed to the bone (yes, both insulin and EpiPen are not in patent protection, which shows just how broken the US system is.)

Here’s your insulin prices on crapitalism (not capitalism. Actual capitalism doesn’t allow this.)

    “This borders on the unbelievable,” Davidson said, citing an extremely concentrated insulin which “in 2001 had the wholesale price of $45. By last year, the cost had skyrocketed to $1,447” for the same monthly supply.

    ….

    From 2011 to 2013 the wholesale price of insulin went up by as much as 62 percent. From 2013 to 2015 the price jumped again, from a low of 33 percent to as much as 107 percent

There is simply no question that this will kill people. Those involved should be charged with negligent homicide.

But hey, rich people are fine, so it isn’t actually a crisis.

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from → Economics, health care
2 Responses leave one →

    Tom permalink   
    August 28, 2016

    Its bad enough children are seizing because anti-seizure meds are priced outside what their parents can afford and legally I as an EMT have to report those parents for non-compliance when its not their fault the meds are priced out of their range and insurance won’t cover it.

    Medicine and Healthcare should be a public good straight up with no costs to consumers.

    Also eliminate patents, no patents should be issued. This will return competitiveness to the markets and break up the oligarchies.
    Hugh permalink   
    August 28, 2016

    A core, perhaps the, core principle of neoliberalism is the maximization of profits. My view is that corporations are societally sanctioned entities, and that their only reason to exist, and be sanctioned, is if they perform some societally useful function.

    The neoliberal principle currently dominates, indeed is absolute. Societal goods, people’s lives, are all treated as externalities, things that Mylan’s Heather Bresch and her class can almost always safely ignore. What we need to understand is that for Bresch, her murderous price gouging is not evidence of either personal moral or corporate failure. It is a simple PR problem, a question of spin and waiting out the news cycle, and then back to business as usual.

    Price gouging is not the only evil neoliberalism visits upon us. Takata could have produced safe airbags for only a few dollars more per unit, but its management decided to gamble that the resulting lives lost using cheaper, more dangerous materials would never be noticed or come back to haunt them. There is also offshoring. Here have cheaper, more poorly made goods, but they cost less, so even though you lost your job because of them, it’s all OK. And there is ignoring externalities, as in the promotion of fossil fuels that are killing the planet or the wealth inequality created by these profoundly anti-social activities.
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