Posts Tagged ‘big pharma’

Status Quo Joe’s Healthcare Hail Mary

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Joe Biden is not winning over the voters. Ana Kasparian, David Dayen, and Adrienne Lawrence, hosts of The Young Turks, break it down.

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“Joe Biden is proposing massive new subsidies to make health coverage through Obamacare’s exchanges cheaper — as well as a new “public option” that would allow people to buy into a program his campaign says would be similar to Medicare.

The former vice president unveiled his health care plan Monday morning amid an escalating fight with his 2020 Democratic presidential foes as some more liberal candidates advocate enrolling all Americans in a national health plan, all but eliminating private health insurance.
Vermont Sen. Bernie Sanders is set to deliver a speech making his case for “Medicare for All” on Wednesday, according to his campaign. And California Sen. Kamala Harris, who has similarly backed a single-payer, government-run health program, teased the upcoming rollout of her plan in front of a crowd in New Hampshire on Sunday, too.
Biden, meanwhile, is pushing for a more moderate approach, built on former President Barack Obama’s Affordable Care Act.”

Hosts: Ana Kasparian, David Dayen, Adrienne Lawrence

Cast: Ana Kasparian, David Dayen, Adrienne Lawrence


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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations. (American Heritage Dictionary)

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Be the first to comment - What do you think?  Posted by admin - July 17, 2019 at 11:21 am

Categories: Health care online   Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Americans Forced To Flee The Country To Access Affordable Healthcare

The price of prescription drugs and some medical procedures in the United States are reaching obscene levels, and the problem has gotten so bad that Americans are actually having to leave this country just to be able to afford medicines and care. Groups of people are traveling to Canada each month for cheaper prescription drugs, while droves are crossing the Mexican border each day for dental care. Ring of Fire’s Farron Cousins explains how the problem got so bad and what can be done about it.
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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

About every six months. Donald Trump loves to warn us about a new caravan headed towards the United States. But you know what, there’s actually several different caravans happening on a regular basis that Donald Trump has not warning us about. And those are the caravans of American citizens traveling up to Canada to buy things like insulin because they can’t afford it if they were to buy it here in the United States. You know, a few weeks ago we talked about, uh, the first story when it first popped, a group of American citizens had to head up to Canada to buy insulin because they couldn’t afford it here in the United States because the price has skyrocketed so much. It’s more than doubled since the year 2012 more than doubled versus heading up to Canada to buy a vial, which is one 10th of the cost as it is here in the United States. So rather than not afford this life saving medication that they have to have, they’re packing up and heading to Canada, buying vials of this and coming back home and using it on themselves, using it for their diabetic children.
Or you know, any of the seven and a half million people in this country who have to take insulin for their diabetes. But that’s only part of the story. Another story we told you recently was the fact that you have American citizens along our southern border and even a little further north in that having to cross the border and go into Mexico in order to get dental care. In fact, there’s a couple of towns right along the border there in Mexico. We’re basically, every business is actually a dentist’s office because of the dental tourism that comes from the United States so they can get quality affordable care. So you’ve got tons of Americans heading south of the border to get quality, affordable healthcare and plenty heading north of our border to get quality affordable health care doc. The common thread here, people are having to leave the United States in order to be able to afford medicine and medical procedures.
And the irony there is that Republicans and conservatives have been telling us that if we enact some kind of Medicare for All plan and hell, they told us this, if we enacted Obamacare, it was going to happen. That doctors are going to leave the United States cause it wouldn’t be profitable anymore. Oh, it’s plenty profitable for them. Always has been. Always will be, but it’s actual regular Americans citizens who are having to leave the country to be able to afford care and in what is supposed to be the wealthiest country in the world, the most advanced country in the world. This is 100% unacceptable. It shouldn’t be happening, but it is because we have allowed the pharmaceutical companies, the insurance and the hospital corporations to do it.
Folks. That’s literally the only reason this is happening because we’ve just let them over the years, you know, the first few years of this, maybe it wasn’t so bad I they raised their prices a little bit and we’re okay, but then they start doing it every single year and suddenly this thing that we didn’t think we had to pay attention to as a federal government grew to proportions that now we have to have radical change just in order to fix it.

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Be the first to comment - What do you think?  Posted by admin - June 30, 2019 at 3:20 am

Categories: Health care online   Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

HEARTBREAKING & INFURIATING: Man Kills Himself After Company Cancels His Healthcare Over $20 Bill

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Jordan Chariton reports on the suicide of Danny Desnoyers, a 29-year-old with mental health issues who committed suicide after his health insurance company cancelled his insurance—over a $20 bill.

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Be the first to comment - What do you think?  Posted by admin - May 31, 2019 at 7:20 pm

Categories: Health care online   Tags: , , , , , , , , , , , , , , , ,

How Amazon Could Disrupt Health Care

Amazon has been described has the “everything store, ” but it’s missing one major category – prescription medicines. That might soon change, in the wake of Amazon’s roughly $1 billion acquisition of PillPack, an internet pharmacy.

Health experts told CNBC that it’s only a mater of time before Amazon starts selling prescription drugs on its online marketplace, and that it’s assembling a team to do just that. For Amazon, pharmacy represents a multibillion market opportunity, but it’s also highly complicated and will involve battling with some entrenched competition that has a vested interest in keeping drug prices high.

But Amazon, with its scale, leverage, and supply chain expertise, could be the company to do it, the experts said.

People buying medical supplies on Amazon, such as glucometers and cold medicine, can now use their flexible savings accounts or health savings accounts to get discounts.

These programs, often referred to as an HSA or FSA, allow people with health insurance to set aside a portion of their salary before taxes to cover medical expenses that would have been paid for out-of-pocket, such as prescription medicines and medical supplies.

In a statement to CNBC, Amazon said it’s “excited to announce” the feature, which allows buyers to use their HSA or FSA debit cards towards eligible purchases.

“Customers now have the flexibility to use FSA/HSA cards on a wide range of eligible over-the-counter purchases, eliminating the need to pay out-of-pocket or submit receipts for reimbursement,” the Amazon spokesperson said.

Amazon started rolling out the offering to customers earlier this month, which was spotted by a few outlets and blogs.

In recent years, Amazon has started adding more health and wellness products, including medical devices and over-the-counter medicines.

Amazon’s rival Walmart, which currently offers pharmacy services, also has a storefront for HSA and FSA products.

The company also acquired an internet pharmacy company, PillPack, in the summer of 2018, signaling an interest in adding prescription medicines to its marketplace. It now has a leader for that pharmacy business, a veteran who helped build Amazon’s Kindle self-publishing platform. But PillPack, which primarily serves older customers who take multiple medications, hasn’t been fully integrated into Amazon and still operates independently.

Prescription drugs is a notoriously challenging product to offer, given the complex web of intermediaries that sit between the drug manufacturer and the pharmacy. To sell prescription medicines, Amazon will need to work with middlemen, known as pharmacy benefits managers, in order to take a customer’s insurance.

Some health experts suggest that the move into adding HSA and FSA cards is a smart method for Amazon to learn more about people’s spending on health.

“It’s a back end way for Amazon to learn about consumer purchasing behavior of health care products and services, as it moves more deeply into the space,” said Michael Yang, a health-tech investor with Omers Ventures.

Others believe that Amazon’s new storefront could be a starting point for the company to extend into pharmacy and employer benefits.

If Amazon had a pharmacy offering, “consumers with high deductible plans and health savings accounts may be more than willing to pay cash for prescriptions using these accounts,” said Stephen Buck, a health entrepreneur who previously worked at McKesson, a major drug distributor.

Some in the pharmacy world have speculated that Amazon will get into the space by initially focusing this segment of consumers that typically pays cash for their prescription medicine. That’s about 6 percent of the U.S. population, which is a chunk of the $450 billion pharmacy market. If it did that, those people might choose to use their health and flexible savings accounts.
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How Amazon Could Disrupt The Pharmacy Business

Be the first to comment - What do you think?  Posted by admin - April 13, 2019 at 3:22 am

Categories: Health care online   Tags: , , , , , , , , , , , , , , , , , , , ,