November 02, 2005

Questions about Medicare drug prices

Is it just coincidence that brand-name prescription drugs have been rising in price so much so soon before the start of the new Medicare drug benefit?

The Star Tribune reports that brand-name drug wholesale prices rose six percent in the past year, twice the rate of inflation and far higher than generic drug increases. John Rother of AARP is quoted: "Why are prices of brand-name drugs going up so much faster than generic drugs or inflation? Because the generics face competition, and the brands really don't."


Posted by schwitz at November 2, 2005 09:14 AM | TrackBack
Comments

GRANDMA'S A DRUG SMUGGLER: The system and drug company profiteering has turned bingo-playing grandma into a drug smuggler. Watch an animated cartoon and rap song about grandma's situation at www.TodaysSpecial.org

Posted by: Today's Special at November 3, 2005 07:51 PM
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