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The Prescription Drug Price Tsunami - Are We Powerless?

THE PRESCRIPTION DRUG PRICE ISUNAMI ARE WE POWERLESS ? PRESCRIPTION DRUG USAGE IN AMERICA EACH MONTH: JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC FEER 21% 48% 11% OF AMERICANS RECEIVE OF AMERICANS HAVE MORE THAN 3 PRESCRIPTIONS. OF AMERICANS TAKE MORE THAN 5 PRESCRIPTIONS. AT LEAST ONE PRESCRIPTION. OVER THE LAST DECADE THE PERCENTAGE OF AMERICANS USING FIVE OR MORE DRUGS OUT OF EVERY INCREASED BY 76% 10% CHILDREN AND 9 m10. OUT OF OF SENIORS USE TWO OR MORE PRESCRIPTIONS PER MONTH. SENIORS (aged 60 and over) USE AT LEAST ONE PRESCRIPTION DRUG PER MONTH. AMERICANS PAY MORE FOR THE SAME DRUG AMERICANS PAY MORE FOR PRESCRIPTION DRUGS THAN ANYONE ELSE IN THE WORLD. COMPARED TO THE UNITED STATES, THE WORLD PAYS A FRACTION OF THE AVERAGE COST FOR 30 OF THE MOST COMMONLY PRESCRIBED DRUGS. USA USA USA USA 76% 51% 64%h CANADA GERMANY SWITZERLAND UK USA USA USA USA 49% 45% 44% 34 AUSTRALIA NETHERLANDS FRANCE NEW ZEALAND THE RESULT OF SUCH HIGH PRICES In 1999 the average American spent In 2009 the average American spent $485 $956 on prescription drugs on prescription drugs per year. per year. 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 THAT'S A 9/% INCREASE IN COST. 48MILLION 19.MLIC THAT MEANS THIS NUMBER HAS RISEN MILLION AN ADDITIONAL 2$ 66% people are sometimes going without their Americans could not fill a prescription due to cost in 2010. SINCE 2001. medication. WHY DO WE PAY MORE? FOLLOW THE MONEY! PAY FOR DELAY A major pharmaceutical company paid $398 million A deal under which American companies holding a drug patent pays a generic drug manufacturer to delay its launch of a cheap copy of the drug. to firms interested in making generic versions of their drug Cipro, in return for the generic drug makers agreeing not to enter the market. 152,000,000 GENERIC in political campaign contributions were made by the Pharmaceutical Manufacturing industry in 2011. 00 FTC Chairman Jon Leibowitz says that "Pay for Delay" arrangements cost consumers In April 2012 The Federal Trade Commission (FTC) lost its court case to stop “Pay for Delay" deals. $3.5 BILLION A YEAR IN HIGHER DRUG PRICES. WANT A LOWER PRICE? LOOK NORTH The important HIV treatment drug Norvir °, cost 91% LESS INTERNATIONALLY. TO ESCAPE THE HIGH COST OF DRUGS 1 MILLION AMERICANS BUY THEIR MEDICATIONS ONLINE FROM CANADA AND OTHER COUNTRIES $700 $7,800 lyear /year POPULAR DRUGS LIKE NEXIUM AND ACTOS CAN BE FOUND DRASTICALLY CHEAPER IN CANADA AND OTHER COUNTRIES Nexium Actos $782 $2,710 sl,433 $5,280 lyear /year /year /year THE UNITED STATES LACK OF ACTION ON PRESCRIPTION DRUGS LEAVES ALL AMERICANS AT THE MERCY OF MAJOR DRUG COMPANIES. UNTIL SOMETHING IS DONE AMERICANS WILL CONTINUE TO DROWN BENEATH THE HIGHEST PRESCRIPTION DRUG COSTS IN THE WORLD. SOURCES: USA Today · Centers for Disease Control and Prevention • Reuters • Orlando Sentinel Wikipedia Organization for Economic Co-operation and Development National Center for Biotechnology Information • •

The Prescription Drug Price Tsunami - Are We Powerless?

shared by Authority on Aug 27
Americans pay more for prescription drugs than anyone else in the world. Learn the truth behind these high prescription prices and how you can beat them




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