According to NBC News, President Trump signed two new bills on October 10, 2018, aimed at helping people to save on drugs. The two bills – ‘Patient Right to Know Drug Prices Act’ and ‘Know the Lowest Price Act’ would allow pharmacists to tell consumers when paying cash for a prescription, would be cheaper than… [Read More…]
Health Economics
Generic Drug Prices Spike, Patients Pay More
The pharmacist apologizes to Mr. Johnson as she hangs up the phone. “I’m sorry, our acquisition price has increased, which is reflected in the final price that you have to pay”. Mr. Johnson is upset that the generic medication his son Jeremy has been taking for several years to treat his acne has increased in… [Read More…]
Managing Drug Costs for Seniors
Americans over age 65 are taking more medications per person than ever before – seniors are taking an average of 5 prescriptions per person, and this number continues to rise. People over age 65 are also more likely to take medications chronically than younger Americans. With drug prices rising steadily, many seniors are finding that… [Read More…]