http://www.breitbart.com/Big-Government/2014/01/31/Why-Are-Costs-For-Generic-Medications-Soaring
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The pervasive use of generic over brand-name medications was anticipated to be a money-saver, but recently prices are soaring, even up 6,000 percent for some common drugs that were once fairly low-cost.
As National Journal reports, pharmacists are perplexed about the huge price hikes in many drugs and are asking Congress to hold a hearing to look into the matter.
Generic drugs such as Pravastatin, which treats high cholesterol, and the antibiotic Doxycycline spiked upwards of 1,000 percent in 2013, according to a survey by the National Community Pharmacists Association.
According to the survey, 77 percent of pharmacists said they experienced 26 or more instances of a large increase in the acquisition price of a generic drug within the last six months of 2013.
The survey found an additional 84 percent of pharmacists said price fluctuations prevented them from providing care and remaining in business due to the fact that filling prescriptions resulted in losses when some patients refused their prescriptions because of costs.
Ran into a gal last night who sells Medicare Insurance.
Didn’t know there was such a thing.
Anyway, she swears ObamaCare® resolves the New”Don’t Hole”. for Medicare subscribers and will eventually cover all medication universally.
Thus will lower costs for almost everyone
I think she is wishful thinking myself.
I order this generic from Jan Drugs in Canada. I order the 300 mg & split the tablet to 150 mg. My total cost for 100 tablets (200 day supply) cost me $119.