TV News LIES

Thursday, Apr 24th

Last update08:06:22 AM GMT

You are here News Health Drug firms raise prices in face of health reform

Drug firms raise prices in face of health reform

E-mail Print PDF

Even as drug makers promise to support Washington’s health care overhaul by shaving $8 billion a year off the nation’s drug costs after the legislation takes effect, the industry has been raising its prices at the fastest rate in years.

A Harvard health economist, Joseph P. Newhouse, said he found a similar pattern of unusual price increases after Congress added drug benefits to Medicare a few years ago, giving tens of millions of older Americans federally subsidized drug insurance. Just as the program was taking effect in 2006, the drug industry raised prices by the widest margin in a half-dozen years.

“They try to maximize their profits,” Mr. Newhouse said.

More...


Most Recent Related Stories...


Air pollution still plagues nearly half of Americans. That does a number on our health

air pollution Air in the U.S. has gotten cleaner for decades, adding years to people's lives and preventing...

US supreme court hears challenge to Obamacare free preventive healthcare

Supreme Court The US supreme court on Monday heard arguments in a case that could threaten Americans’ access...

Eight artificial dyes will be phased out of US food supply, Health Secretary RFK Jr. says

food dyes bannedEight artificial dyes will be eliminated from medications and the nation's food supply by the end...

RFK Jr. calls autism an epidemic: It ‘dwarfs COVID’

rfk jr.Health and Human Services Secretary Robert F. Kennedy Jr., in a new interview, said autism was...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!