Wednesday, September 21, 2011

Mark-Up of Medications... A real Nightmare



The prices of medications in the United States are at least twice the  prices in Canada and other European Countries. It is ten times the prices in China and India.
       Healthcare services, including Physician visits, X-Ray, Ct-Scan, hospital services... are based as a multiplier of the medication prices. The new medication, Provenge, helps extend the life of the Prostate Cancer patient for four months under treatment costs $90,000 per treatment. This will raise the cost of other healthcare services to match the high cost to a new level.

It is against the law for individuals and Companies to import medications from international sources. With that is in mind, Pharmaceutical companies priced their medication the way they want, with full knowledge that you can't import same medication from someplace.

        Now the laws started to change regarding Marijuana, a serious change in the psyche of this country.

Why can't we change the law regarding importation of medication so as the cost of medication in the United States be similar to the rest of the world, like every other products?

When the prices of the medications adjust downward, so is the rest of the multipliers....

A link to the site that has some information about the Mark-Up of medications.

http://www.chiro.org/LINKS/ABSTRACTS/The_Real_Cost_Of_Drugs.shtml

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