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Prescription drug prices are out of cotrol

World of DTC Marketing

This includes about one in five who report that they have not filled a prescription or took an over-the counter drug instead, and about one in ten who say they have cut pills in half or skipped a dose. Anyone who’s filled a prescription lately knows drug prices are out of control.

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Medicare prescription drug plan is a good first step

World of DTC Marketing

The Medicare prescription drug pricing plan Democrats unveiled is not nearly as ambitious as many lawmakers sought, but they and drug policy experts say the provisions crack open the door to reforms that could have dramatic effects.

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Pharma sector reels as UK Government doubles VPAS payback rate on NHS drugs

Pharmaceutical Technology

The UK government’s decision to set an unprecedented payback rate of 26.5% Full details of the government’s 2023 VPAS payment calculation may be accessed on the UK Department of Health and Social Care (DHSC) page here.

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How Government Healthcare Can Prevent Global Illness

Salesforce

The problems afflicting the health industry are especially prevalent in government systems, which are slowed by political gridlock, budget constraints, and inertia. Case study: How Ireland’s government healthcare quickly prepared for COVID-19. government healthcare system.

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UK approves prescription-only melatonin drug for childhood ADHD

Pharmaceutical Technology

Melatonin has a prescription-only status and is strictly regulated in the UK, making this the first time it has been approved for use in this indication. Prescription-only vs OTC. In 1995, the UK government classified it as a medicine making its over-the-counter sale illegal.

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The debate on DTC marketing is going to heat up again

World of DTC Marketing

SUMMARY: DTC marketing is not the reason why prescription drugs cost so much. Here are some myths around DTC marketing: 1ne: DTC ads result in patients asking for prescriptions they don’t need. 2wo: DTC marketing is one of the reasons prescription drugs cost so much.

Marketing 233
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Social media and DTC

World of DTC Marketing

As I See It DTC Spending Health information online Prescription drug DTC marketing Social media and DTC marketersSUMMARY: Social media continues to be used by online health seekers, but there is also a high level of health misinformation.

Media 173
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The discovery of a new and compounding cybersecurity threat to pharmacies

Pharma Phorum

Sam Crowther, founder and CEO of cybersecurity company Kasada, tells us about a recent discovery his company made that revealed tens of thousands of accounts with prescription drug attachments in major online pharmacies had been compromised.

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The continued shame of pharma

World of DTC Marketing

Nationwide, prescription drug spending last year is estimated to be $328 billion among all payers, including private insurance, Medicare Part D, and patients’ out-of-pocket expenses. Nearly 9 in 10 older adults take prescription medication.

Pharma 214
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Can we get healthcare right?

World of DTC Marketing

According to The Hill “, a large majority of the public favors allowing the government to negotiate for lower prescription drug prices, according to a new poll that comes as a legislative battle plays out on the issue. Government assistance programs include: U.S.

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Weathering the good and the bad: Why good business practices work

MedCity News

On the micro level, it’s more prescriptive (i.e., On the macro level, it’s expressed as a set of ethics and principles that govern a company’s conduct. For most companies and medtech, in particular, good business practices (GBP) happens on multiple levels.

Ethics 92
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Pharma dodges a bullet, for now

World of DTC Marketing

Medicare’s innovation center may be the best avenue for lowering drug costs if provisions empowering government price negotiation don’t’ make it into a sweeping domestic spending package. For now, drug companies are free to overcharge Medicare for prescription drugs.

Pharma 197
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Pharma buys politicians to ensure high drug prices remain

World of DTC Marketing

SUMMARY: Large-cap pharma companies are trading higher in the morning hours after White House unveiled a framework for a deal on President Biden’s social spending package on Thursday leaving out a key provision that allowed Medicare to negotiate lower prescription drug prices.

Pharma 218
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The disdain of big pharma

World of DTC Marketing

According to the WSJ “who deserves credit for medical discoveries has long been a battleground for companies, academia, and government. government-developed technology. Drug companies raised the prices on hundreds of medications on Jan. 1, with most prices up 5% to 6% on average.

Pharma 204
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Biden proposes subsidizing drug middlemen for insulin

World of DTC Marketing

Under the bill proposed, Medicare beneficiaries and those insured through private plans would pay no more than $35 for a 30-day insulin prescription, or the lesser of $35 or 25% of the plan’s negotiated price for a 30-day prescription.

Marketing 203
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The drug industry can’t fight change

World of DTC Marketing

Industry lobbyists claim that any government attempt to intervene in pharmaceutical companies’ price-setting would stifle innovation and prolong the fight against Covid-19. IMO there is an excellent chance the Federal government will vote to negotiate drug prices for Medicare.

Marketing 183
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Pharma industry making record profits

World of DTC Marketing

Of course, the irony of this data is that it negates PhRMAs key argument against having the government negotiate prices for Medicare.

Pharma 180
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Are we heading towards Medicare for all?

World of DTC Marketing

Under some versions of these plans, private insurance would be eliminated, and all Americans would be covered under one, government-run plan, similar to Medicare. This January, the drug industry raised prices on over 400 prescription drugs.

Insurance 240
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PhRMA buys politicians and patients lose

World of DTC Marketing

According to the Times “, the United States pays higher prices for prescription drugs than any of its peers — about 250 percent of the price paid on average by other Organization for Economic Cooperation and Development countries, according to a recent report from the RAND Corporation.

Patients 186
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Corporations: “get healthcare costs under control”

World of DTC Marketing

SUMMARY: A new survey from the Kaiser Family Foundation and the Purchaser Business Group on Health shows signs that corporate executives might be warming to the idea of government getting more involved to rein in the excesses of the healthcare system.

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Our abysmal health care system

World of DTC Marketing

Researchers found that physicians don’t think very highly of health insurance companies and believe they’re putting patients at risk with policies such as prior authorizations ahead of filling prescriptions. Pricing for prescription drugs is about as transparent as airline fares.

Insurance 219
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The hypocrisy of big pharma

World of DTC Marketing

The suggestion by Pfizer’s CEO that drug pricing negotiations with the government would slow innovation is PR doubletalk. SUMMARY: Pfizer will earn over 26 billion dollars from their COVID vaccine, while Moderna and J&J also look to their vaccines for more profit dollars.

Pharma 186
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Value-based healthcare can help reduce costs

World of DTC Marketing

While the federal government has proposed negotiating the cost of drugs with pharma for Medicare, it still ignored the high costs hidden in plain sights, like patients who rely too much on prescription medications to tackle health problems addressed with lifestyle changes.

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Does anyone really believe pharma cares what people think?

World of DTC Marketing

Besides the increased costs of prescription drugs above inflation levels, drug companies are playing a shell game with the opioid settlements.

Marketing 165
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The clock is ticking on healthcare’s excessive profiteering

World of DTC Marketing

The company’s policies for pricing have more than once prompted congressional hearings, as in the case of Truvada , a drug to combat HIV transmission that was developed in part with the aid of government grants and that earned Gilead more than $30 billion in revenue.

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Medicare savings won’t make a dent in healthcare costs

World of DTC Marketing

The drug industry is trying to convince voters that government negotiations with drug companies will lead to less innovation. But even though the government may be saving money, ordinary taxpayers probably won’t see any discounts.

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Are new weight loss drugs an answer or problem?

World of DTC Marketing

But before the company can make Wegovy mainstream, it has to convince doctors to prescribe it and insurers and governments to pay for it. Payers also face hurdles, so patients must obtain permission before filling a prescription.

Marketing 183
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New legislation is a great first step to lower drug prices

World of DTC Marketing

SUMMARY: The new, proposed, drug legislation is a first step rather than a sweeping change. It’s a collection of measures meant to bring down prices slowly and on targeted drugs, and pharma is already complaining.

Marketing 158
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Walmart offers $3.1bn to settle opioid epidemic lawsuits

Pharma Phorum

Walmart has become the latest big pharmacy chain in the US to put forward a settlement to resolve claims it contributed to the national opioid crisis by failing to regulate prescriptions at its outlets.

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Breaking through the forecasting fog – 3 trends that will impact critical medicine supply in 2023

Pharma Phorum

Demand has also increased due to changes in prescribing protocols, leading to a higher underlying number of prescriptions for certain antibiotic medicines. Governments will act, but will it be enough?

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The Inflation Reduction Act Passed, Now What?

PM360

In April 2022, we released an article describing proposed policies from the federal government that could impact prescription drug pricing. Government negotiation of drug prices.

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And just like that, the goodwill is gone

World of DTC Marketing

President-elect Biden will challenge the pharma lobby, and I still believe that eventually, the government will negotiate prices for Medicare way down. As long as Americans remain unhealthy they will need prescription drugs.

Marketing 185
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American healthcare is too profitable

World of DTC Marketing

(FT.COM) The U.S. healthcare system is bedeviled by greed, with drug companies, device manufacturers, hospital organizations, physician groups, and insurers scrambling to grab a slice of the more than $3 trillion we spend on medical care each year. We have access to the most cutting-edge treatments.

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GAO Report on DTC/Medicare spending flawed

World of DTC Marketing

If you want a great example of government dysfunction, read the GAO report. INSIGHT: The most advertised drugs are the ones that appeal to the largest audiences, and seniors take and need more prescription drugs. No wonder the trust in the Federal Government is declining.

Marketing 168
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The theory of maximizing pharma profits

World of DTC Marketing

” The media has not addressed this issue other than to point fingers at the high prices of prescription drugs continually. I still struggle to understand wy the pharma industry hasn’t come together to form a way to get prescription drugs to people who can’t afford them.

Marketing 164
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Pharma buys politicians like candy

World of DTC Marketing

SUMMARY : (Financial Times) BioNTech/Pfizer and Moderna will dominate the Covid-19 vaccine market next year, generating a massive $93.2bn in combined sales and legislation allowing the government to negotiate drug prices for Medicare is all but dead.

Pharma 146
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Dr. B: Expanding the business model from COVID vaccines to antiviral medications

Pharma Phorum

As the pandemic progressed, the platform evolved to meet other needs that have materialised within the healthcare sector, including recently unveiling its “Visitless Prescriptions” service. “We are currently focused on offering a convenient way to get prescriptions.

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Three biggest threats to healthcare

World of DTC Marketing

One reason for rising healthcare costs is government policy. While the media is focused on drug costs, which are a problem, only 12% of every healthcare dollar is spent on prescription drugs.

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Pharma is “big business” that uses excuses to keep prices high

World of DTC Marketing

Seventy-nine percent of Americans think the price of prescription drugs is “unreasonable,” according to a 2019 Kaiser Family Foundation poll , and about 9 in 10 say they support the idea of the government negotiating prices.

Marketing 204
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Pharmacy Innovation Series: the DEA Steps into Telepharmacy Regulation

Nixon Gwilt Law

For the first time, the Drug Enforcement Agency (“DEA”) is becoming directly involved in the telepharmacy space, an industry that the DEA has not previously regulated aside from the loose application of its existing regulations governing online pharmacies.