Interesting Research on Drugstores – What No One Ever Told You

Prescription Drug Costs are Rising

The rise of prescription cost in the USA is getting higher. You can do something about this if you know the reason of this price hike. You will know why today.

Healthcare costs so much these days. In the healthcare system, there is an area that keeps getting higher than the others.

Here is why these prescription drug costs are expensive and what you can do about it.

Drugs are Now More Expensive

People are in search of affordable drugs these days to be able to sustain their medications and heal their sicknesss. You should see for yourself the statistics before answering why these medicines are so over priced.

The price of prescribed drugs escalated for about 10% last May 2015 to May 2016.

That may look little but it is not.

These are the information that you need to know also:

Inflation grew 1% simultaneously. Booze and food prices increased for 2.8%. The price of clothing increased to 5.7%. The increase of the cost of the prescription drugs is definitely higher than the other basic needs.

The Reason why Drugs are Expensive

Drugs are very expensive for many different reasons which you need to understand.

But the answers may not be that convincing.

Drugs are pricy because of these following reasons:

The Explanation the Industry

According to the pharmaceutical industry, they are producing more effective and complex drugs, which is why their manufacturing and research and development costs elevate, too. They gave their best which is why they need good returns, too. Many do not understand this process.

The Economy has a Reason

The aging and retiring baby boomer are not patients of healthcare services. Most people are using the same drug which makes the drug in demand. If the demand is good then the price will go up, too.

These patients are already maintaining drugs which make these in demand. So you will not wonder if the price goes up again.

The Anti-Industrial Arguments You Should know

A grace period implemented by most of the governments is when a drug is still new and out on the market and no competitor is allowed to make one like it. This is said to make companies make more quality medicine.

Some companies are practicing ‘evergreening’ for the past years. They make only little changes to their drugs. This way, the price of their product will remain high.

The second ant-industrial argument is more on economics. The argument here is that a drug is an inelastic good that should not affect the price that much if it is in demand.

A perfect example is a cracker with a cost of $10. People will stop buying the cracker if they decide to make its price go as high as $25.

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