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#500022 - 07/24/20 05:49 PM
OOT: Meds ...
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Senior Member
Registered: 01/16/02
Posts: 14376
Loc: East Greenwich RI USA
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I didn't want to post this on Russ' thread because like everyone else here I wish him a full and rapid recovery, and didn't want to take anything away from that ... But this caught my eye: With insurance, meds are more than $2,000.00. Regular price was over $12,000.00. Had to get a pharmacist friend and former guitar student to contact the company for a sample coupon. What a racket.
Yes, $12,000 seems like an exorbitant price to pay for any medication, but what most people fail to consider is how many millions of dollars went into years of R&D to develop that medication ... I have a close friend since high school who had a very successful career as a chemist, his last position being the head of international quality control for a major pharmaceutical manufacturer ... He sometimes would tell me of the $$$$$ that were spent developing products, many of which never even made it to market for one reason or another ... So, what I am saying is, not everything is as simple as it might seem on the surface ... And look at what some of us pay for our gear ...
_________________________
t.
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#500036 - 07/26/20 12:20 PM
Re: OOT: Meds ...
[Re: tony mads usa]
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Senior Member
Registered: 09/21/02
Posts: 5520
Loc: Port Charlotte,FL,USA
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I agree with Tony about R&D costs,which are unknown to the General public. The question is what is the fair length of time to amortize these costs,and how many fingers are in the pie. There are so many layers,from contract managers to insurance companies,that it is a quagmire. If the Federal government had direct bargaining power,knowing their past failures, I wonder if it would yield better results.
_________________________
pa4X 76 ,SX900, Audya 76,Yamaha S970 , vArranger, Hammond SK1, Ketron SD40, Centerpoint Space Station, Bose compact
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#500040 - 07/27/20 11:26 AM
Re: OOT: Meds ...
[Re: bruno123]
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Senior Member
Registered: 01/02/04
Posts: 7305
Loc: Lexington, Ky, USA
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Tony, I agree, development costs are warranted. My issue is, on one med, the price with insurance was $299.00 for a 30 day supply. That was one a day. I need 2. That means the rate for 30 days with insurance would have been $600. The good Rx price was $179.00 for 0ne a day...$ 360.00 for 2 pills a day-30 days. In playing with other on-line discount cards, I found one good at Kroger for $25.40. for some reason, 2 a day was $38.60. I filled the other 60 days I needed or a price of $63.00. That means Kroger charged me $100.00 for what Walgreens would have charged about $1100.00 for. Full insurance price, with United Healthcare (run away fast)would have been over $3,000.00.
My point is, what is a fair price? Kroger isn't losing money at $1.00 per pill. Somebody is making lots of money at $11.00 a pill, or 10 times as much.
It's a mess, and somebody is getting very, very rich.
Russ
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