The Price of Prescription Drugs

With the price of prescription drugs becoming a hot topic issue in the upcoming elections, many different organizations and companies have suggested ideas for solutions to bring down the cost of prescription drugs.  As Dr. Nicole M. Johnson, a pediatric critical care physician, advises in her opinion piece “Does AARP pharmacy-reform stance benefit members? NO: Group is protecting profits of insurance-industry partners” in The Columbus Dispatch, it’s wise to question the intention and associations that promote or oppose various solution.

Physician Outlook explores drug pricing with the following article:

YOUR MONEY OR YOUR LIFE

Imagine you go to a car dealership and receive a modest discount off the sticker price of the car you buy. Then you find out that the dealer got a much bigger rebate on your car as a result of cutting a kickback deal with the car manufacturer—a kickback that they either pocketed outright, told you they “reinvested” so you could save money on your next purchase or kept the lion’s share of for themselves while tossing you a tiny rebate. You’d probably not buy their car and go to a dealership that didn’t take rebates or kickbacks, or decide to skip the car purchase altogether and take the bus. Now imagine that this is the way you purchase—not a car—but life-saving pharmaceuticals and medical devices. It comes down to this: your money or your life.

Full article available at https://www.hispanicoutlook.com/articles/your-money-or-your-life

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Hispanic Outlook is an education magazine in the US available both in print and digital form.  Visit https://www.hispanicoutlook.com/education-magazine for information about our latest issue, including our new supplement Physician Outlook.