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Cost of prozac per pill ). Yet, despite this, some companies are going even further, using their leverage over distributors to artificially inflate the price of their drugs. If you don't have a problem with some drug company gouging its customers, then why are you alarmed that some companies are artificially raising their prices for existing and future drugs? Because prescription drug prices are often the single largest contributing factor into the increase in health-care costs associated with illnesses like cancer. A recent study estimated that the increase in health-care costs for Medicare and Medicaid in 2014 was 13% -- nearly a factor of 10 higher than the growth in cost of same drugs 2013. As I mentioned in my previous article, as drug companies raise prices, they are also raising their prices for the remainder of medicines they sell in the market for new medicine, making it an even more concentrated market from which the pharmaceutical companies benefit. And are benefiting, as they raking in higher profits. How Do Drug Prices Get Worse? There are several reasons for higher prices pharmaceutical medicines that aren't due to the effects of increased technology, and it's important to realize that all of these reasons are also present in the higher prices we see for prescription drugs. First of all, if we can understand the entire pharmaceutical business and be able to predict the future, then it's our job to be able price-mark these products appropriately. In a recent article for Forbes, we took a closer look at how companies price medicine to see just how profitable these strategies are: In addition to the high prices paid by consumers, drug companies have a huge incentive to maximize the return on their investment because they are able to get a higher royalty rate for each prescription in the healthcare business than any other industry, including the financials industry and even retail banking. According to Reuters, pharma companies received $50 billion in royalty fees 2015. We have a tendency to look at prices as being Prozac 60 Pills 20mg $70 - $1.17 Per pill largely the result of technology and progress in drugs. But our data clearly reveals that medicine costs have been increasing for 20+ years. This is a trend we've seen before, and if we want to have a realistic view of future medical costs, we must consider what are the underlying causes behind increasing cost of medicine. Why Are Pharmaceutical Prices Increasing for 20+ Years? The good news is that there are a number of reasons for higher drug prices. Here are just a few: While pharma innovation has become very impressive, each individual drug has already been commercially approved by the FDA, and drugs are not very innovative. In fact, the majority of drug products just continue to focus on the same areas of medicine (i.e. cancer for drugs, or depression drugs drugs). Furthermore, pharmaceutical companies have more choices, and many times have more drugs on their hands than would be normal when pricing each of these new lines drugs. This often results in a drug company's spending more to develop and patent each new drug or class of drugs than if they had a very limited product line (i.e. 1 drug) that they could patent and sell for a huge profit. In this study, we've shown from our own data that the growth of FDA review times for new drugs is a contributing factor to the increasing cost of both oncology and mental health drugs. As more and drugs get on the market with FDA review times longer than 2 months, insurers spend more and money to maintain current coverage levels and reduce prescription drug expenditures. Finally, the aging patient population increases costs associated with drugs for that demographic. As more and patients will be entering retirement and require more prescriptions, the cost of drugs also will increase. This trend lead to a larger prescription drug bill that all seniors and those over 65 will have to pay – and it really does add up very quickly. Pharmaceutical companies will fight every battle in order to increase their profits. However, what we need to be aware of is that pharmaceutical companies will say anything and everything possible to make you believe that drug prices are going up for no good reason, even when it has nothing to do with increasing the actual profits of their businesses. One of the things that is very hard to understand by any rational person is that in certain ways, the people you see on television telling about how their drug company is selling the health-care system out to insurance companies and government are doing nothing but making an easy and quick buck off of having the power to artificially inflate cost of their company's drug inventory. These people are doing nothing more than profiting from a drug company with the power to artificially maintain inflated prices for their product line by making billions of dollars from increasing profits that might never really have to happen in the first place due to fact that generic viagra usa pharmacy you don't even have health insurance. While some other areas are not under the financial control of industry, pharmaceutical industry certainly does.

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