Practical Health Insurance » Drugs

Prescription Drugs prices Soar (Part 2)

Avatar — Sat, 10 Jul 2010 09:36:54 +0000

Transportation is one of the most expensive costs as well as human resources that always want more benefits. Companies are opting to put caps on wages in order to maintain health benefits but in spite all their efforts, more are losing jobs by the day. Companies are forced to trim down their workforces to allow them to survive the storm and health insurance is refusing to pay for branded medicine opting for cheaper generic ones instead. The problem is that most private doctors and hospitals prefer branded medicine due to underlying affiliation with drug firms. So the load increases as the system bends and nears its breaking point with everyone seeking relief from the economic problems that are now plaguing us all.

Prescription Drugs prices Soar (Part 1)

Avatar — Sun, 10 Jan 2010 09:34:52 +0000

As expected, prices of prescription drugs are on the rise along with everything else as the health industry goes under with the economy. People are losing jobs at alarming rates and salaries fail to improve with more and more people having to go without proper health care. In the US alone, 16% of the total populations are now void of any health insurance and this would surely tax heavily on the government’s public health care system. The system is already taxed and near breaking point and reforms are needed soon to avert a medical disaster. Drugs are a major product of technology and the investments manufacturers place in facilities is so great that any increase in maintenance costs is immediately reflected on prices.