Researchers at the University of British Columbia in Vancouver looked at sales figures and prices for the blood thinner Plavix after direct-to-consumer advertising started in 2001. What they found was that the campaign was largely ineffective at increasing prescribing rates, but that the price of the drug shot up 12% almost immediately to cover the cost of the marketing campaign. [More]
The past few nights, thousands of people have lined up outside of the Forum in Los Angeles. a venue that usually hosts basketball games or big arena concerts. Who’s in town to attract such a crowd? Metallica? Green Day? No, even better—doctors and dentists providing free care on a first-come, first-served basis.
His response was “Whatever, somebody needs to come deal with this because I’m about to go off…”
Thanks to an anonymous whistle-blower, a Walgreens pill-flipping scheme has been blown wide open, according to CBS. “Pill-flipping” refers the practice of pharmacies that purposefully switch Medicaid patients to more expensive versions of certain drugs for the sole reason of collecting more money from the government. Naturally, when this happens, taxpayers pick up the bill. Athough, Walgreen’s officially denies any wrongdoing they have agreed to pay the government more than $35 million. Details, inside…
CVS has settled a lawsuit that alleges the pharmacy giant improperly switched customers to a more expensive form of their medication in order to collect more money from Medicaid.
The Centers for Medicare & Medicaid Services has released the first-ever
“U.S. taxpayers and Medicare patients could have saved almost $15 billion in 2007 if private health insurers had cut expenses for prescription drug coverage and negotiated bigger discounts,” according to a newly released (Democratic) government report. [Reuters]