http://www.cbsnews.com/news/generic-drug-prices-skyrocketing/
http://www.cbsnews.com/videos/drug-costs-at-record-high/
Why some generic drug prices are skyrocketing
When you keep pushing manufacturers to keep lowering the cost of their product… they will consolidate… to try to drive prices down… until they realize that they have a monopoly or near monopoly position in the market place.. and good old capitalism kicks in… Charge whatever the market will bear. Could we see the Big Pharma’s bring their brand name drugs back out.. at a lower price than the generics ? Most likely you are going to see some drug become totally unavailable…because the CMS/PBM/insurance companies tend to drag their feet in bringing their reimbursement rates in line with the cost of buying the medication.
Filed under: General Problems
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