News — Medicare

The Dream of Fair Medicine Prices

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The Dream of Fair Medicine Prices

Being happy about improved negotiations between pharmaceutical companies and the United States government might be on the same level as appreciating a particularly deep green tone on a decaying limb, but given the level of government we are accustomed to living in, I dare call this cause for hope. Massachusetts Legislators approved a change in the law this summer that is intended to reduce drug costs in the state Medicaid program, or MassHealth, by negotiating discounts directly with drug companies. As previously written about, pharmaceutical price increases outpace inflation by multiples partially due to the lack of negotiations between pharmaceutical...

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Your Meds are Expensive Because You’re Confused

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Your Meds are Expensive Because You’re Confused

In the sweet spot between free markets and socialism, we find our obviously neglectful and exploitive pharmaceutical industry. While the temptations to vilify some CEO for his salary or point to the high price of a new HIV medications is strong, both notions are ripe pieces of low hanging fruit that don’t adequately address the issue. The best way to keep safe   Quite simply, the prices of existing medications increase hundreds of times faster than the rate of inflation.Oral medication prices went up 10 % last year, while injectables went up over 15 %. How is this possible? No...

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