Perhaps sticker shock in the pharmacy shouldn’t come as a surprise
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In analyzing shockingly high price increases for prescription drugs -- shocking to consumers, anyway -- the General Accounting Office has identified 416 products that probably caused prescription-pickup apoplexy in pharmacies nationwide from 2000 to 2008.
The agency looked at the frequency of price surges (often between 100% and 499%), common characteristics of the drugs and reasons for the changes.
Here’s the highlights page and the full report.
The dearth of similar drugs and limited competition each come up a lot. So do patents.
Here are two recent Opinion pieces on drug pricing.
-- Healthcare reform without drug price controls? That’s sick, by Melody Petersen, the author of ‘Our Daily Meds.’
-- Limiting drug prices means limiting future cures, by John E. Calfee, a scholar at the American Enterprise Institute.
The headlines summarize their positions quite nicely.
-- Tami Dennis