Monday, November 16, 2009

Drug Costs Jump

The headline on the front page of today's Dallas Morning News says it all: "Drug Costs Rise At Fastest Rate In Years." While the Consumer Price Index has fallen 1.3% in the past year the wholesale price of prescription drugs has gone up by 9%. This will bring the bill for drugs to about $300 billion this year. This is the fastest rate since 1992 but this time it's happening when the drug companies pledged to reduce costs by $8 billion a year after health care reform is in effect.

Does it look like a phony deal to you? The drug companies crank up sales by $10 billion in order to offer a price cut of $8 billion? I won't even go into the latest studies on heart drugs that show how they actually increase the risk of heart attack.

It's time for Americans to find better answers to their health problems than prescription drugs.

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