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Why prescription drugs cost so much more in America • Financial Times
Hannah Kuchler:
<p>All over the world, drugmakers are granted time-limited monopolies — in the form of patents — to encourage innovation. But America is one of the only countries that does not combine this carrot with the stick of price controls. 

The US government’s refusal to negotiate prices has contributed to spiralling healthcare costs which, said billionaire investor Warren Buffett last year, act “as a hungry tapeworm on the American economy”. Medical bills are the primary reason why Americans go bankrupt. Employers foot much of the bill for the majority of health-insurance plans for working-age adults, creating a huge cost for business.

In February, Congress called in executives from seven of the world’s largest pharmaceutical companies and asked them: why do drugs here cost so much? The drugmakers’ answer is that America is carrying the cost of research and development for the rest of the world. They argue that if Americans stopped paying such high prices for drugs, investment in innovative treatments would fall. President Trump agrees with this argument, in line with his “America first” narrative, which sees other countries as guilty of freeloading.

For the patients on the trip, the notion is galling: insulin was discovered 100 years ago, by scientists in Canada who sold the patent to the University of Toronto for just $1. The medication has been improved since then but there seems to have been no major innovation to justify tripling the list price for insulin, as happened in the US between 2002 and 2013.</p>

Insulin is just one of the many, many cases where Americans are being ripped off by drugs companies.
drugs  prescription  america  price 
yesterday by charlesarthur
How judges added to the grim toll of opioids
In case after case, U.S. judges sealed evidence about the risks - the result of a lethal secrecy that Reuters found shrouds many product-liability cases.
system  adict  drugs  opioids  prescription  blame  fuckers 
12 weeks ago by xer0x
Prescription Lens Replacement From Home | Lensabl
Cheaply replace old lenses with your updated prescription and keep your favorite frames! Keep your old glasses but update them with new lenses or add sun glass tinting. And do it by mail! It is cheaper at Lensabl and it is more convenient. As glasses wearers ourselves we know this is a pain. So we created a better way.
eyeglasses  eyewear  glasses  lenses  lens  prescription  Rx  eye  sunglasses 
april 2019 by csaper

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