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Generic drug makers don't spend money on research and development. These recent huge increases in price seem odd. I don't think these kinds of price increases have ever happened with generic drugs before. Hopefully these high prices will encourage new competition to enter the market and bring the prices back down.

Funny how this happened right after Obamacare took effect.

1 posted on 12/17/2014 7:48:23 PM PST by grundle
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To: grundle

One word: the feckless fool on the hill. Sorry, that was more than one word.


2 posted on 12/17/2014 7:52:19 PM PST by Fungi (There is more to Fungi than the eye can see.)
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To: grundle

But I thought Obamacare was going to solve all problems. /s


3 posted on 12/17/2014 7:52:40 PM PST by The Ghost of FReepers Past (Woe unto them that call evil good, and good evil; that put darkness for light..... Isaiah 5:20)
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To: grundle

obie and ObieCare>

the poor jerk OBIE....is already the least loved President in History ..but by the time we FINALLY learn of the utterly insane evil mess stuck in that ONE BILL....he will be forced to walk the streets yelling out UNCLEAN..UNCLEAN!!


4 posted on 12/17/2014 7:53:15 PM PST by MeshugeMikey ("Never, Never, Never, Give Up," Winston Churchill ><>)
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To: grundle

Obamacare’s fault.


5 posted on 12/17/2014 7:55:02 PM PST by Salvation ("With God all things are possible." Matthew 19:26)
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To: grundle
My pharmacist increased his credit lines to buy as much as he could before cost shifting took place.

He blames it 100% on Obamacare, which allowed big pharma to increase prices to consumers in order to lower costs to Medicare and some insurance plans.

Add in increases in copay and deductibles, and consumers that play by the rules get whacked again by the Obama team.

6 posted on 12/17/2014 7:55:13 PM PST by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
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To: grundle

The easiest way to make anything ridiculously expensive is to tell Congress to make it free.


7 posted on 12/17/2014 7:55:45 PM PST by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: grundle

Get millions of people whose drug costs are being subsidized by the government ... You’re going to get some VERY expensive drugs!


8 posted on 12/17/2014 7:57:20 PM PST by JennysCool (My hypocrisy goes only so far)
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To: grundle

Probably some clause in the massive Obamacare bill that was read and understood only by the generic drug industry and the congresscritters they paid to put it there.


9 posted on 12/17/2014 7:58:41 PM PST by Rainier1789 (My Constitution has a 2nd and 10th Amendment)
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To: grundle

“Hopefully these high prices will encourage new competition to enter the market and bring the prices back down.
Funny how this happened right after Obamacare took effect.”

Passing the FDA inspections takes a long time and a lot of money. If it were easy, Walter White would have made antidepressants and hypertension drugs instead of meth-amphetamine.


12 posted on 12/17/2014 8:07:48 PM PST by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: grundle

Looks like another success for Barry’s Marxist plan. Bankrupt the middle-class with high premiums, high taxes, high prescription costs.


13 posted on 12/17/2014 8:09:10 PM PST by purplelobster
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To: grundle

Just after the Medicare Prescription Drug passed in 2003, my generic prescription cost almost doubled.

In 2006, Walmart introduced the $4 generics. That shook up the pharmacy industry.


15 posted on 12/17/2014 8:17:42 PM PST by TomGuy
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To: grundle

And generics are exempted from product liability lawsuits (even though technically they are selling “similar” knockoffs to the name brands) and insurance companies are insisting that enrollees use generics where available.

http://www.freerepublic.com/focus/news/3040748/posts
U.S. justices block generic drug liability lawsuits (Supreme Court)
Reuters ^ | June 24, 2013 | Lawrence Hurley and Bill Berkrot
The U.S. Supreme Court ruled on Monday that generic drugmakers cannot be sued under state law for adverse reactions to their products, a decision that consumer advocates called a blow to patient safety...


16 posted on 12/17/2014 8:18:14 PM PST by a fool in paradise (Shickl-Gruber's Big Lie gave us Hussein's Un-Affordable Care act (HUAC).)
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To: grundle

Something strange is going on with drug prices. I just started on Medicare. Fortunately, I am very healthy and only have one prescription, HCTZ for slightly elevated blood pressure. Normally I paid through BCBS of Massachusetts $15 for 90 days of a generic. With Medicare I just paid $3 for 90 days at CVS. While I pay $3, Medicare (and us taxpayers) pays via my Part D provider, Aetna, $50. More bemusing is that at Costco HCTZ costs $11 for 90 days. This stuff drives me nuts and I plan on pushing the issue with my new Congressman.


17 posted on 12/17/2014 8:20:15 PM PST by bjc (Show me the data!)
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To: grundle

There is something wrong here and I smell a democrap universal “health” plan.

When I was a wee lad in 1976 I used to order brand name Vibramycin (doxycycline) made by Pfizer at my clinic for about $500 for 500 capsules.

Now the generic version made in some bathtub in Mumbai is $1830/500.

This makes no sense which means that fedgov is involved somehow.


19 posted on 12/17/2014 8:28:55 PM PST by 43north (BHO: 50% black, 50% white, 100% RED.)
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To: grundle

“Funny how this happened right after Obamacare took effect.”

Funny how drug companies found the perfect smokescreen.


20 posted on 12/17/2014 8:36:46 PM PST by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: grundle

Guantanamo for Bathhouse Barry, and North Korea for the complete morons who voted for him. That would go a long way to resolving the “stupid” in the country.


21 posted on 12/17/2014 8:36:53 PM PST by gemoftheocean (...geez, this all seems so straight forward and logical to me...)
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To: grundle

Because all the insurance plans changed (thanks Government for the perfect solution again!) such that we got screwed on prescriptions. Insurance companies started saying “hey, choose generics”, and the generic manufacturers saw their windfall and responded accordingly.

I wonder who has investments in generic drug manufacturers that made sure this is what the insurance companies were going to demand in response to thousands of pages of legislation?

I wonder if that was one of the things we needed to pass the bill to find out about, or was that yet another unintended, ends-justified consequence of the absolute unbridled stupidity emanating from DC.


24 posted on 12/17/2014 8:58:25 PM PST by TheZMan (Buy more ammo.)
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To: grundle

Walmart has changed some drug suppliers, and the prices differ greatly. I know because of a RA drug my husband takes, it went from $33, a cash price, and $14 w/ insurance last month to $200 cash price and w/ Insurance it was $100. In January with the new deductible, it will be months before half of it would be covered by insurance.

I refuse to pay that much, so I found a coupon online for K Mart and paid $17.00+ and got a $30 gift card for transferring the prescription to their pharmacy. That meant I got it free plus some money, although I could not use gift card in the pharmacy, I was still pleased. Some stores mail you the gift card and that special goes off 12/24/14.

Coupons from Target, Kroger, Walgreens, CVS, K Mart, and others were online to print out. In my case, CVS did not even have any of this particular drug, so don’t print until you know you can get the prescription filled. The pill bottle will say how many months you have left and take it with you....along with the right coupon.

No problem if next month they don’t have the prescription. I have a paper prescription from the Dr. just in case I have to go to another pharmacy, so I can get it at a reasonable price with a coupon printed from online.

My point is this...there are RXCoupons online for most pharmacies and drugs, but you need to make sure you have the right dosage, prescription drug, and the drugstore has it in stock, before you go for your prescription at that pharmacy; call first. For known drugs in short supply, that have increased greatly, the physician will usually give you a paper prescription with old pharmacy name on it...that you can use anywhere, when you find a good price.

NOW< in my husbands case, this drug is in short supply right now, as one mfger quit making it, and another has a huge backlog...this looks like a problem with so many new people on Medicaid, Medicare, and Obamacare. Or maybe overprescribing of the drug as it is used for Lupus and other issues...more than RA.

I am concerned about how much impact the millions of immigrants will have on the pharmacies and the drug costs. As well as the manufacturer’s ability to keep up with demand, availability is already becoming an issue on this RA drug. ....think about the refugees they want to bring over from Middle East in next five years....and the green card recipients from the Executive Action last week.


27 posted on 12/17/2014 9:25:06 PM PST by Kackikat (anser)
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To: grundle

The admin imposed a bunch of standards rules that the old manufacturing facilities - the very ones where generics are made- were not able to meet. Since the profit margins on generics were so low the manufacturers sometimes chose to shut down the facilities rather than pour more capital into upgrading the facilities - it was causing huge shortages last year and the year before.


29 posted on 12/17/2014 10:01:58 PM PST by piasa (Attitude adjustments offered here free of charge)
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To: grundle

Doxycyline for birds :

http://www.drsfostersmith.com/product/prod_display.cfm?c=5059+5992+25823&pcatid=25823


30 posted on 12/17/2014 10:09:02 PM PST by piasa (Attitude adjustments offered here free of charge)
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