- The Complex Math Behind Spiraling Prescription Drug Prices (nytimes.com)
The soaring cost of prescription drugs has generated outrage among politicians and patients. Some cancer drugs carry price tags of more than $100,000 a year, and health plans are increasingly asking people to shoulder a greater share of the cost...Americans regularly cite drug prices as a top health care concern...Higher drug prices threaten to raise insurance premiums and patients’ out-of-pocket expenses and can cost taxpayers more because of Medicaid and other government programs. But drug companies say the prices reflect the enormous investment of time and resources that go into bringing a drug to market and argue that many times, their drugs can prevent more expensive medical interventions like surgery and hospitalization...So how much do drugs cost?...A drug’s path from the manufacturer to the patient is circuitous, and many middlemen are paid along the way...The pharmaceutical company sends the drug to a distributor, which takes a fee and then sells the drug to a pharmacy, which pockets its own fee before dispensing the medication to a patient. If a patient is insured, a pharmacy-benefit manager is paid for processing the transaction between the pharmacy and the insurer or employer. The pharmacy-benefit manager also handles the rebates that flow from the drug maker to the insurer or the employer...The good news first: The vast majority of drugs dispensed in the United States...are generics, which are low-cost alternatives to brand-name drugs. If your doctor writes you a prescription, there is a very good chance it will cost you $10 or less...patients who are the sickest and require the most expensive drugs are the most vulnerable to soaring drug prices..."It’s sort of embedded in the health care system that the price is never the price, unless you’re a cash-paying customer,"...
- TruTag, WuXi PharmaTech successfully test edible, on-dose authentication
Testing on an edible on-dose authentication technology developed by TruTag Technologies is showing promising results for its use in combating counterfeit drugs…TruTech partnered with WuXi PharmaTech,…technology that can store a drug’s provenance information on individual tablets. The silica, dust particle-sized TruTags act like bar codes that can provide information about where a drug was manufactured and its dosage, as well as supply chain details like lot or batch number...