Coping with Concerns for pharmaceutical drug prices

Pharmaceutical-Drug-Prices

As we all know, there is a problem with rising health care costs. The Brookings Institute revealed that middle income spending on healthcare has increased 25 percent from 2007 to 2014. The Kaiser Family Foundation discovered that deductibles for individual workers have risen 67 percent since 2010. Drug cost increases contribute to this problem. William Faloon, a cofounder of the Life Extension Foundation, believes that the solution to this problem is to amend the Food, Drug and Cosmetic Act to allow increased competition fromgeneric drugs, suggesting that the end result would be both generic and patented pharmaceutical prices falling. Faloon also recommends contacting your political representatives. The following site provides example letters that can be edited before sending by email: LifeExtension.com/consumer. Hopefully politicians will act.

Canadian alternatives

Another strategy that individuals may choose to use to cope with rising drug prices is to order drugs from Canada using a reputable online pharmacy. I carried out a price comparison for Xarelto (used for blood clots) between U.S. retail and a Canadian online/retail outlet pharmacy. (The site indicates that the drug was obtained from a Canadian source.) The cost for 90, 20 mg tablets in the United States is $1,170.00 (Good Rx). The same order from the Canadian pharmacy was $345, which includes shipping. Cam McIroy from Mark’s Marine Pharmacy in Vancouver, British Columbia indicated that he felt the reason prices in the US were so high is because drug companies set their own prices here, while in Canada, the government controls drug prices. A site to use to check pharmacy reliability and to decrease the risk of obtaining unsafe drugs, go to pharmacychecker.com which includes online pharmacy ratings.

Legal concerns

Some people are concerned about the legality of obtaining drugs from Canada. Two legal websites– Legal Beagle and Elder Law Answers– indicate that it is in fact illegal to import drugs from Canada. The Food and Drug Administration, however, does not prosecute Americans who import a three-month supply of prescription drugs for personal use. We really need to encourage our politicians to work for us in bringing down drug costs. Note: The statistics mentioned are primarily from the International Federation of Health Plans 2015 Comparative Price Report, Consumer Reports, New England Journal of Medicine and the March 2016 and March 2017 issues of the Life Extension Journal.

Trending

Parklike Perrysburg Retreat: Spacious With Classic Charm

Home feature of the month! Learn how you can feature your home and call 4199-244-9859.

Big City Taste: Manhattan’s Revitalizes Uptown Adams Street

Manhattan’s Pub and Cheer on Adams Street in Uptown opened in December, 2002 and recently celebrated its 15th anniversary. Toledo native, Zach Lahey, the restaurant’s owner and general manager explains, “For almost ten years, it was a major struggle to keep the doors open, to really find our place in the micro-neighborhood (Uptown) that we’re in.”

Dear Mayo Clinic: Controlling Symptoms of GERD

DEAR MAYO CLINIC,
I’m 62 years old and am having difficulty keeping healthy weight on due to GERD and reflux. I am really confused about what foods and beverages I should avoid, and what foods will not make my reflux act up. What do you recommend mature adults who have this condition avoid, and what healthy food are best for my situation?

Legends of the Lake: Discovering Lake Erie’s Nautical History

A new Lake Erie shipwreck discovery in July, 2015, by the Cleveland Underwater Explorers (CLUE) spurred Toledo’s National Museum of the Great Lakes to raise funding to excavate and investigate the unique find. The discovery attracted national news headlines because, let’s face it, a shipwreck is intriguing.