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Wed Aug 24, 2016, 03:43 PM

 

This chart reveals the inhumanity of US drug prices compared to other countries



Corrupt former hedge funder Martin Shkreli who hiked the price of an AIDS pill by 5500 percent overnight is only the latest example of price gouging in the pharmaceutical industry. But US drug prices have been skyrocketing across the country for years. As the following chart illustrates, drug prices in the US are up to 10 times higher than in numerous other developed countries. Data comes from the International Federation of Health Plans (IFHP) 2013 Comparative Price Report.

More at http://usuncut.com/news/us-drug-prices-in-the-us-are-literally-insane-when-compared-to-other-nations/

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Reply This chart reveals the inhumanity of US drug prices compared to other countries (Original post)
Photographer Aug 2016 OP
stopbush Aug 2016 #1
Photographer Aug 2016 #2
stopbush Aug 2016 #3
LanternWaste Aug 2016 #5
stopbush Aug 2016 #7
leftstreet Aug 2016 #9
stopbush Aug 2016 #10
1939 Aug 2016 #13
Rex Aug 2016 #23
Rex Aug 2016 #18
stopbush Aug 2016 #20
Rex Aug 2016 #22
Photographer Aug 2016 #31
stopbush Aug 2016 #32
Photographer Aug 2016 #33
Ruby the Liberal Aug 2016 #14
stopbush Aug 2016 #21
Calculating Aug 2016 #4
VMA131Marine Aug 2016 #6
stopbush Aug 2016 #8
VMA131Marine Aug 2016 #11
stopbush Aug 2016 #12
Kilgore Aug 2016 #30
Ruby the Liberal Aug 2016 #15
stopbush Aug 2016 #16
Mc Mike Aug 2016 #17
Rex Aug 2016 #19
Egnever Aug 2016 #24
Rex Aug 2016 #25
Egnever Aug 2016 #26
Egnever Aug 2016 #27
Rex Aug 2016 #28
MattP Aug 2016 #29

Response to Photographer (Original post)

Wed Aug 24, 2016, 04:01 PM

1. That chart is meaningless.

I live in the USA. I have psoriasis. I was taking Humira for a couple of years. Between what my insurance covered and the secondary insurance that was offered to me for FREE by the maker of Humira, my out-of-pocket expense was $5 a month. That's right, five bucks.

I've now been taken off Humira and put on Cosentyx, whose list price is about $3600 a month. I lost my job and no longer have insurance. My dermatologist reached out to the Novartis Foundation, who looked at my case, looked at my finances and approved me to receive the medication FOR FREE for a year. Now, if I land a new job that offers insurance, I need to let them know and they'll expect my insurance to help cover the cost. But until then, Big Pharma is giving this patient a solution that certainly works for me.

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Response to stopbush (Reply #1)

Wed Aug 24, 2016, 04:14 PM

2. You are very lucky and I am glad for you.

 

However there are far too many who do not experience your good fortune.

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Response to Photographer (Reply #2)

Wed Aug 24, 2016, 04:22 PM

3. What good fortune?

Most people in this country do have health insurance, so their prescriptions are covered at the same level or better than was I when I had insurance.

I no longer have insurance. If anyone should be in a position where they would be required to pay the list price for an expensive medication out of their own pocket, it's me. But because my doctor asked a few questions and reached out, I am getting a medication at no cost.

Pushing the info in that chart to support the idea that drugs are overpriced in the USA compared to the rest of the workd is disingenuous. It's not an apple-to-apples comparison. And it doesn't take into account the options and realities available in the USA, such as those I pointed out above.

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Response to stopbush (Reply #3)

Wed Aug 24, 2016, 04:28 PM

5. You can point towards objective evidence to support this premise, yes?

"so their prescriptions are covered at the same level or better than was I when I had insurance...."

You can point towards objective (rather than your anecdotal) evidence to support this specific premise, yes? In fact, it seems as your entire premise is predicated wholly on your own experience, and you are merely extrapolating that onto the collective whole...

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Response to LanternWaste (Reply #5)

Wed Aug 24, 2016, 04:52 PM

7. I had a standard, not-great UHC insurance plan.

It paid 80% on name drugs like Humira. That meant I was responsible for 20% as a co-pay. That is a pretty standard level of co-pay on many, many health plans, and as UHC is THE biggest health insurance company in the country, I would say that counts as objective evidence, wouldn't you?

Looking at the list price of Humira, you'd think that meant my co-pay was around $600 a month. But it wasn't, because 1. Like all health insurance companies, UHC most likely NEGOTIATED the price of Humira down to around $1500 a month or less, which 2. lowered my co-pay to around $300 a month which 3. allowed the maker of Humira to offer me their secondary coverage which knocked down my actual cost to $5.

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Response to stopbush (Reply #3)

Wed Aug 24, 2016, 05:32 PM

9. So, you're not saying the drugs aren't overpriced

You're saying there are ways to get the expensive drugs without paying the full price

And it doesn't take into account the options and realities available in the USA, such as those I pointed out above.


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Response to leftstreet (Reply #9)

Wed Aug 24, 2016, 05:37 PM

10. I'm saying that a chart showing the LIST PRICE of drugs in the USA

is meaningless, just as would be showing the list price for a new car.

As far as what's overpriced these days, that's just about everything.

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Response to leftstreet (Reply #9)

Wed Aug 24, 2016, 06:36 PM

13. Like doctors and hospitals

drug companies need to keep their "list prices" up because government and commercial medical care plans always demand a deep discount.

My dermatologist submitted a charge fro $350 to remove pre-cancerous skin growths. Medicare approved $59.80

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Response to 1939 (Reply #13)

Thu Aug 25, 2016, 12:22 AM

23. Raw capitalism, what ya gonna do?

 

It bothers some.

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Response to stopbush (Reply #3)

Wed Aug 24, 2016, 07:56 PM

18. 48 million people is still a big number.

 

Those prices reflect what the market values the drug at in each nation. You don't have to get defensive because the chart shows how greedy pill makers are in America.

Greed is not something new or modern btw.

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Response to Rex (Reply #18)

Wed Aug 24, 2016, 08:42 PM

20. Ha! No one is getting defensive at ths end.

The people getting defensive are those who feel the need to hop in and comment on my posts which do nothing more than add some real-world perspective to the "scary" drug pricing chart posted in the OP. That defensiveness includes tossing straw men into the argument, as I identified in my previous post.

And I thought it was Republicans who insisted on black-and-white views of the issues.

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Response to stopbush (Reply #20)


Response to stopbush (Reply #20)

Thu Aug 25, 2016, 03:08 AM

31. You should be as you are defending an indefensible paradigm.

 

"Your money or your life" is no health care system a modern country should be a part of. The rest of the world has figured this out, why shouldn't we?

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Response to Photographer (Reply #31)

Thu Aug 25, 2016, 03:10 AM

32. I'm defending nothing. I'm pointing out that the chart presented in the OP

is disingenuous and misleading.

End of story.

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Response to stopbush (Reply #32)

Thu Aug 25, 2016, 03:21 AM

33. No, you are only pointing out your opinion. The chart is true. America sucks in this area.

 

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Response to stopbush (Reply #1)

Wed Aug 24, 2016, 06:39 PM

14. They make it up by charging those WITH insurance

When your deductible is $2500 a year and prescription bennies don't kick in until you meet it, you pay full price. Once its met, you pay a discount (at work ours are 10% and 20% once deductible is met).

Thats how they justify their pricing. Hundreds of people (or their insurance, or their employer) pick up the exhorbitant cost and they justify it by claiming "coupons" and "giveaways" while their executives are pocketing tens of millions in take home pay.

Glad it worked out for you.

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Response to Ruby the Liberal (Reply #14)

Wed Aug 24, 2016, 08:50 PM

21. I take a couple of daily meds.

When I was first on my UHC plan, I got them through CVS, where they cost me $15-30 each for a month's supply. Then I switched to buying them in bulk through UHC's Optum program, where a 90-day supply cost me $30-50.

Now that I don't have insurance, I shopped around: I've moved my prescriptions to Costco, where a 90-day supply of my medications costs me $10-33 out if pocket. The meds were costing me more under my UHC plan than the would have had I just opted to pay cash through Costco. That's on ME for not being smart enough to check out my options. But there are options out there.

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Response to Photographer (Original post)

Wed Aug 24, 2016, 04:23 PM

4. It's because the pharma industry needs more regulation

The power company can't increase your rates by 500% overnight 'just because'. It's time to regulate pharma prices like utilities.

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Response to Photographer (Original post)

Wed Aug 24, 2016, 04:30 PM

6. Nobody in the UK pays these prices

They are covered under the NHS and either get prescriptions for free or pay a nominal amount.

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Response to VMA131Marine (Reply #6)

Wed Aug 24, 2016, 05:22 PM

8. And neither does anyone in the USA.

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Response to stopbush (Reply #8)

Wed Aug 24, 2016, 06:18 PM

11. Sure they do...

Everyone on a high deductible plan will pay those prices until they have spent more than their deductible on health care.

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Response to VMA131Marine (Reply #11)

Thu Aug 25, 2016, 01:36 AM

30. No they dont

I have a high deductible bronze plan and my prescriptions get discounted by 90% at times when using a pharmacy on my insurers preferred list. And I have never used up my deductable.

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Response to stopbush (Reply #8)

Wed Aug 24, 2016, 06:41 PM

15. LOL!

Yes, people are just making up stories about their pharma costs, and the media is too gullible to figure out that its really all FREE!

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Response to Ruby the Liberal (Reply #15)

Wed Aug 24, 2016, 07:04 PM

16. No one said it was free. Straw men don't help your agrument.

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Response to Photographer (Original post)

Wed Aug 24, 2016, 07:31 PM

17. Thanks for this info, P. Pharma is such a bunch of un-American leeches. r,nt.

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Response to Photographer (Original post)

Wed Aug 24, 2016, 07:57 PM

19. I am curious, do those other countries practice 'free trade' or 'fair trade'? nt

 

nt

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Response to Rex (Reply #19)

Thu Aug 25, 2016, 12:31 AM

24. Well Canada is part of Nafta

 

So Free trade for them.

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Response to Egnever (Reply #24)

Thu Aug 25, 2016, 12:33 AM

25. They have universal health care?

 

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Response to Rex (Reply #25)

Thu Aug 25, 2016, 12:35 AM

26. Of course

 

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Response to Rex (Reply #25)

Thu Aug 25, 2016, 12:36 AM

27. All of the countries on that list do except the US

 

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Response to Egnever (Reply #27)

Thu Aug 25, 2016, 12:41 AM

28. All combined in population maybe half the United States.

 

We have a huge demand, drives up the market.

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Response to Photographer (Original post)

Thu Aug 25, 2016, 01:18 AM

29. Medicare cannot negotiate drug prices, I thought that was the law that was passed

Tbat is why they keep the price so high and that is why we spend so much on medicare part d

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