Why You Should Care About This Massive Change To Prescription Drugs.
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Date: 2019-11-01
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Comments and reviews: 9
Anne Hijme
I agree in medical industry which includes pharmaceutical there is a problem. The problem is getting upfront prices for any goods or services. Try asking cost for any surgery from multiple places. Almost all of them will avoid giving you a cost and just ask what insurance you have and that they do or do not accept that insurance. If you have insurance, they often try to tell you not to worry about the insurance will cover it (even if it won't cover all of it. I personally think adverts are not the problem nor do I think it should be required to place prices in adverts. To me the solution is insurance to go back to what it used to be 'in case of emergency' and not for every day care. That every day care should be a different sort of payment, whether you want to pay every time you visit or get a deal (like around here I see dentist advertise something like this and a FastMed, or membership that gives you free visits and discounts for extra visits you may need for a set fee. Now I know many of you think this is crazy, but all insurance does is hide the prices and give doctor offices and other medical groups an excuse not to give you prices upfront-which makes it impossible to shop around. I work with an elderly man as my boss who gets all sorts of medical bills MONTHS after whatever he went in for. The bill seldom has a clear reference of what it is for, or even when the event took place so he is always unsure whether it's been paid for already or if he should question it. The totals are always large, with another large number for insurance then finally what the remainder is. He also ends up getting refund checks sent to him for small amounts since billing is such a mess that often times they sent the same bill twice so he paid twice. Really medical needs to be like other forms of business, get prices upfront or clear estimates of what to expect (aka ranges based on possible complications or needs. Another thing not uncommon in America is two get multiple bills for the same visit because one part usually the anesthetist is billed separately adding more confusion. Final note: Many doctors get affliation with drug companies for deals, that makes the doctor encourage the use of that drug for benefits. Also people in American culture prefer to pop a pill to solve a problem because it is easy and gets to be not there problem. I think if most pills were sugar pills we still have most people feeling better because they just felt the need for something outside to fix their life.
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I agree in medical industry which includes pharmaceutical there is a problem. The problem is getting upfront prices for any goods or services. Try asking cost for any surgery from multiple places. Almost all of them will avoid giving you a cost and just ask what insurance you have and that they do or do not accept that insurance. If you have insurance, they often try to tell you not to worry about the insurance will cover it (even if it won't cover all of it. I personally think adverts are not the problem nor do I think it should be required to place prices in adverts. To me the solution is insurance to go back to what it used to be 'in case of emergency' and not for every day care. That every day care should be a different sort of payment, whether you want to pay every time you visit or get a deal (like around here I see dentist advertise something like this and a FastMed, or membership that gives you free visits and discounts for extra visits you may need for a set fee. Now I know many of you think this is crazy, but all insurance does is hide the prices and give doctor offices and other medical groups an excuse not to give you prices upfront-which makes it impossible to shop around. I work with an elderly man as my boss who gets all sorts of medical bills MONTHS after whatever he went in for. The bill seldom has a clear reference of what it is for, or even when the event took place so he is always unsure whether it's been paid for already or if he should question it. The totals are always large, with another large number for insurance then finally what the remainder is. He also ends up getting refund checks sent to him for small amounts since billing is such a mess that often times they sent the same bill twice so he paid twice. Really medical needs to be like other forms of business, get prices upfront or clear estimates of what to expect (aka ranges based on possible complications or needs. Another thing not uncommon in America is two get multiple bills for the same visit because one part usually the anesthetist is billed separately adding more confusion. Final note: Many doctors get affliation with drug companies for deals, that makes the doctor encourage the use of that drug for benefits. Also people in American culture prefer to pop a pill to solve a problem because it is easy and gets to be not there problem. I think if most pills were sugar pills we still have most people feeling better because they just felt the need for something outside to fix their life.
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blaziken 1213
As someone who has relied on the help of daily medications to survive my daily live for years, I say that this move is a good first step for the government. I think the pharmaceutical industry is ridiculous when it comes to name brands when the off brand is cheaper for the exact same medicine. I don't want to have to pay 20%-30% more just because the drug has a easier to say name than the rival company that keeps the actual chemical compound name. Of course they might have other factors that I am unaware about that makes the brand Bane required but the basic form of the medicine is the same. That being said, I don't think this will pass in it's current form but at least to opens the door for further discussion and alterations to the subject. Thank you for reading my little soap box rant. Have a great day.
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As someone who has relied on the help of daily medications to survive my daily live for years, I say that this move is a good first step for the government. I think the pharmaceutical industry is ridiculous when it comes to name brands when the off brand is cheaper for the exact same medicine. I don't want to have to pay 20%-30% more just because the drug has a easier to say name than the rival company that keeps the actual chemical compound name. Of course they might have other factors that I am unaware about that makes the brand Bane required but the basic form of the medicine is the same. That being said, I don't think this will pass in it's current form but at least to opens the door for further discussion and alterations to the subject. Thank you for reading my little soap box rant. Have a great day.
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Petra_Kalbrain
Easy solution. Require listing the full price of the drug and adding Cost per individual will vary depending on insurance coverage. I love this idea. Big pharma is already beyond ridiculously shady in almost every aspect of their very existence and practices, let alone their secretive pricing tactics. Without a listed price before hand, they can effectively manipulate the cost based on insurance coverage. Someone who has 50% coverage might be charged 400 and someone with 90% coverage could be charged 2, 000 for the same medication. Each customer is paying 200 out of pocket, but big pharma isnt treating them equally. They can do this because nobody ever actually looks at their receipts AND nobody ever really compares pricing with each other for this stuff.
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Easy solution. Require listing the full price of the drug and adding Cost per individual will vary depending on insurance coverage. I love this idea. Big pharma is already beyond ridiculously shady in almost every aspect of their very existence and practices, let alone their secretive pricing tactics. Without a listed price before hand, they can effectively manipulate the cost based on insurance coverage. Someone who has 50% coverage might be charged 400 and someone with 90% coverage could be charged 2, 000 for the same medication. Each customer is paying 200 out of pocket, but big pharma isnt treating them equally. They can do this because nobody ever actually looks at their receipts AND nobody ever really compares pricing with each other for this stuff.
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shiftychaos
The only reason I can afford my life saving medications is because my meds are subsidized. I absolutely would have died by now if I didn't have them. I'm already kinda bitter about the pay us or die situation I'm in, but pharmaceutical companies saying pay us MORE or die genuinely pisses me off. The fact that the Trump admission is taking this on makes me respect them, at least a little bit, which is pretty unusual cause most internet folks would consider me a libtard snowflake. But yknow, props where props are due, this is a good move. Especially for elderly folks who those ads a typically directed at. They often don't have the tech knowledge they need to find cheaper alternatives, so this transparency will likely make their lives a whole lot easier.
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The only reason I can afford my life saving medications is because my meds are subsidized. I absolutely would have died by now if I didn't have them. I'm already kinda bitter about the pay us or die situation I'm in, but pharmaceutical companies saying pay us MORE or die genuinely pisses me off. The fact that the Trump admission is taking this on makes me respect them, at least a little bit, which is pretty unusual cause most internet folks would consider me a libtard snowflake. But yknow, props where props are due, this is a good move. Especially for elderly folks who those ads a typically directed at. They often don't have the tech knowledge they need to find cheaper alternatives, so this transparency will likely make their lives a whole lot easier.
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BillyC500
Was VERY surprised that something like this happened/ is starting with this administration. I do believe prices will come down but I doubt in any largely meaningful way - at least not across the board or even close to it. But I do see it being impactful in specific cases. Even if this had no effect on prices I think this is a HUGE step in the correct direction. Medical expenses and services are about the only thing an American citizen buys while being clueless to the cost. To the misleading claim about not being an accurate depiction of what the end customer pays, well I positive they have market research that has fairly accurate idea of the end cost to consumers narrowed via many factors including coverage levels.
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Was VERY surprised that something like this happened/ is starting with this administration. I do believe prices will come down but I doubt in any largely meaningful way - at least not across the board or even close to it. But I do see it being impactful in specific cases. Even if this had no effect on prices I think this is a HUGE step in the correct direction. Medical expenses and services are about the only thing an American citizen buys while being clueless to the cost. To the misleading claim about not being an accurate depiction of what the end customer pays, well I positive they have market research that has fairly accurate idea of the end cost to consumers narrowed via many factors including coverage levels.
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idontcareuknow
I don't think it will do much. It's a step in the correct direction, but as stated in video, list price isn't customer price. The problem that really needs addressed with healthcare is that insurance companies hide the actual price. No insurance company pays the list-price for a procedure/med, they pay a totally different price which they agreed on during negotiations. Basically, insurance companies are rich in large part because we don't know the market value of anything. If you apply business law to healthcare, it's actually totally illegal (the standard payment industry compliance training about rubber ducks or metal widgets. Really not sure how it got this way.
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I don't think it will do much. It's a step in the correct direction, but as stated in video, list price isn't customer price. The problem that really needs addressed with healthcare is that insurance companies hide the actual price. No insurance company pays the list-price for a procedure/med, they pay a totally different price which they agreed on during negotiations. Basically, insurance companies are rich in large part because we don't know the market value of anything. If you apply business law to healthcare, it's actually totally illegal (the standard payment industry compliance training about rubber ducks or metal widgets. Really not sure how it got this way.
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Kelly LF
I'm definitely a fan of the extra videos. As far as advertising drug prices, I think it's a good idea in theory but as mentioned, it can get confusing with different insurance coverages. I think that they should be made to provide a week's worth of their product because of the side effects. Having to pay out up to 60 (using that # because it's the most i've paid with my insurance) and finding out you can't take it is beyond infuriating. I was given a new medication yesterday that came with a card for a two week trial and I really think that's the way to go. At least a week. Or provide the dr with enough samples to make it happen.
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I'm definitely a fan of the extra videos. As far as advertising drug prices, I think it's a good idea in theory but as mentioned, it can get confusing with different insurance coverages. I think that they should be made to provide a week's worth of their product because of the side effects. Having to pay out up to 60 (using that # because it's the most i've paid with my insurance) and finding out you can't take it is beyond infuriating. I was given a new medication yesterday that came with a card for a two week trial and I really think that's the way to go. At least a week. Or provide the dr with enough samples to make it happen.
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tjt072
I hate trump but the fact that he is actually trying to do something about this issue is awesome. Don't know if it will work but it doesn't hurt to try. I take inhalers for asthma and one of them cost me over 200 My insurance doesn't pay for medications. There is no less expensive one either. We have a discount card for it but it's still over 100 which we could use to eat or pay bills. I need the inhaler to breath and these drug companies take advantage of people like me who need certain meds in order to stay alive. Once they make their money back, they need to make it less expensive and come up with a generic one.
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I hate trump but the fact that he is actually trying to do something about this issue is awesome. Don't know if it will work but it doesn't hurt to try. I take inhalers for asthma and one of them cost me over 200 My insurance doesn't pay for medications. There is no less expensive one either. We have a discount card for it but it's still over 100 which we could use to eat or pay bills. I need the inhaler to breath and these drug companies take advantage of people like me who need certain meds in order to stay alive. Once they make their money back, they need to make it less expensive and come up with a generic one.
reply
missaldavisvlogs
After living outside of the U. S. and then coming back, I was hyper aware of the commercials and am really bothered by them. I would prefer that we didn't have ANY commercials so that doctors are provided us with an RX based on the medical need and not a medical want. Example: I should go to the doctor because I have a medical need - such as a skin disorder that I want to care for, and the doctor prescribe something to me and we can have a conversation on whether or not I can afford it. RATHER THAN, I saw a drug commercial that said it could help my skin and I should go to the doctor to discuss the drug.
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After living outside of the U. S. and then coming back, I was hyper aware of the commercials and am really bothered by them. I would prefer that we didn't have ANY commercials so that doctors are provided us with an RX based on the medical need and not a medical want. Example: I should go to the doctor because I have a medical need - such as a skin disorder that I want to care for, and the doctor prescribe something to me and we can have a conversation on whether or not I can afford it. RATHER THAN, I saw a drug commercial that said it could help my skin and I should go to the doctor to discuss the drug.
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