An article “Drug Prices Up, Inflation Down” reports “A recent Rx Watchdog report from AARP’s Public Policy Institute, which regularly tracks drug price trends, found that wholesale prices for the brand-name medications most commonly used by Medicare beneficiaries rose an average of 9.3percent between October 2008 and September 2009, a period when there was no inflation and, in fact ,other consumer prices actually dropped…
“Leading lawmakers in Congress have called for an official investigation. ‘Recent studies have indicated that the industry may be artificially raising prices for certain pharmaceutical products in expectation of new reforms,’ the chairman of three key House committees wrote in November to the Government Accountability Office…”
WATCHDOG: Growl! Not much has changed with the health care industry over the past five hundred years. They used to bleed us dry. And they still do!
