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Study finds brand name prescription drug prices continue to out pace inflation.

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MEDICINE. BILL O'' NEIL JOINS United States IN GSO WITH– GREENSBORO WITH THE STORY. COSTS PCERIS FOR TRADEMARK NAME MEDICINES: HAVE EXCEEDED INFLATION FOR YEARS. AS WELL AS IN THE LAST FEW YEARS, THOSE INCREASES HAVE ACTUALLY REDUCED BUT THEY'' RE STILL GROWING AT MO THAN TWO TIMES THE PRICE OF RISING COST OF LIVING. ACCORDING TO THE RESEARCH STUDY, THE AVERAGE COST OF BRAND NAME PRESCRIPTION DRUGS GW BY NEARLY 3% OVER THE PAST YEAR. BY CONTRAST THE PRICE OF INFLATION WAS A LITTLE MORE THAN 1%.

AARP SAYS THAT TRANSLATES INTO A SIGNIFICANT COST FOR THE ELDERLY WHO USUALLY DEPEND ON NEARLY 5 PRESCRIPTIONS MONTHLY AT AN AVERAGE EXPENSE OF $6600, TOTALING EVEN MORE THAN $31,000 A YE.AR LEIGH PURVIS: WE'' RE FACING OU OF POCKET PRICES. IT CANISTER OBTAIN AS HIGH AS $10,000 EACH YEAR. AND IF YOU BELIEVE REGARDING THE AVERAGE ANNUAL EARNINGS FOR MEDICARE BENEFICIARIES, WHICH IS SIMPLY UNDER $30,000 THAT IS NEVER AFFORDABL COSTS: AARP STATES THE PRICE ISSUE OF PRESCRIPTION MEDICINES WILL CERTAINLY LEADO T POORER HEALTH OUTCOMES AND HIGHER MEDICAL CARE EXPENSES. WHAT WE'' RE REALLY TRYINGO DRIVE HOME IS THE IMPORTANCE OF DOING SOMETHING ABOUT PRESCRIPTION MEDICATION PRICES COSTS: CONGRESS IS WHEN AGAIN TRYING TO REIN IN MEDICATION COSTS AND ALSO AARP SAYS THERE'' S ONE KEY REGULATION THAT CONTAINER MAKE A SIGNIFICANT DISTINCTION >> > > ALLOWING MEDICARE TO DISCUSS IN SUPPORT OF ITS BENEFICIARIES, BECAUSE RIGHTOW MEDICARE CONTAINER'' T WORK OUT WITH MEDICINE COMPANIES ANDE WTHINK THAT THEY COULD CERTAINLY DRIVE A MUCH HARDER BARGAIN, THAN NOT BARGAINING AT A.BILL ONE CRITIC OF THAT PLAN IS: THE UNITED STATE CHAMBER OF BUSINESS. THE CHAMBER CALLS HR 3 A STRATEGY PRESENTED BY DEMOCRATS '' HARMFUL. ' IT DECLARES GOVERNMENT RATE MANAGES WILL COST JOBS AND DECREASE SPENDING ON INNOVATIVE MEDICAL RESEARCH FOR YEARS, ADVOCATES FOR LOWER MEDICINE RATES HAVE WONDERED ABOUT Y MEDICARE DOESN'' T NEGOTIATE COSTS WITH THE PHARMACEUTICAL INDUSY. >> > > THAT IS EXACTLY THE CONCERN THAT WE'' VE BEEN ASKING. IF YOU LOOK AT T FHEACT THAT THE MEDICARE PROGRAM COVERS TENS OF MANY MILLIONS OF BENEFICIARIES WHO USE A GREAT DEAL OF PRESCRIPTION DRS, IT REALLY DOESN'' T MAKE GOOD SENSE THAT IT DOESN'' T HAVE THE AUTHORITY TO WORK OUT ON BEHA OF THOSE RECIPIENTS COSTS: AARP CLAIMS THE EFFECT OF ESCALATING MEDICINE RATES GOES WELL PAST OLDER AMERICANS. >> > > IF MEDICARE COSTS RISES, WE'' RE GOING TO SEE TAXES INCREASING WE ' RE GOING TO SEE PREMIUMS RISING. THIS IS AN CONCERN TT CAHAN REALLY IT COSTS THERE IS SOME BIPARTISAN: ASSISTANCE IN CONGRESS TO CHECK MEDICATION COSTS, INCLUDING CAPS ON OUT POCKET EXPENSES FOR INDIVIDUALS ON MEDICARE.BUT SIMILAR REGULATIONS WAS PRESENTED IN 2019 AND WTEN NOWHERE. IT'' S NOT CLEAR IF CONGRESS WILL CERTAINLY PASS IT THIS YEA.

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