Drug Prices Drag the Health Care System Down
Truth be told, one of the major problems with the health care system in America today is the cost of drugs. They’re out of control.
The other really bad news is that all costs in the medical care system are going up and don’t show any signs of slowing down. It used to be that health care was at least affordable. However, due to the overuse and abuse of the system, costs started to creep up and up. Now what the nation is facing are situations like having a heart attack or cancer costing your house, and just about anything else you may have on hand that can be converted to pay the medical bills.
These high costs are also the reason why millions of Americans do not have health care insurance. This includes those who have a job and work. They just don’t have the extra money to buy insurance. It’s bad enough they can’t get health coverage for themselves, but many families are also without insurance for their children. That’s downright scary- and this is a sign of troubled times.
Troubled times usually means a shaky economy, and look no further than the front page of your local newspaper for that bad news. You see the foreclosures, the bankruptcies, the layoffs – and the list goes on. This is an economy in which we are all trying to survive.
Ridiculous drug costs are just the tip of the iceberg. Why do you think you are paying such high prices? There are a couple of reasons for that. The first one is the insistence of using brand name drugs when generics will do the same thing, at less than half the price of a brand name pill.
The second reason you are paying more for drugs is because that is how drug companies survive, by selling drugs and making a profit. Normally they are continually developing drugs for the marketplace, but lately there are fewer drugs in the development pipeline and that means you pay higher prices so the drug companies can stay in business. That money out of your pocket also goes to drug research in hope the companies will find another blockbuster drug and stay in business.
The bottom line is if you want to save some money on your health care expenses, then buy generic drugs.
Richard Cantu is with Texas Health and Life, a Texas health insurance and Texas life insurance agency in Texas. To learn more, visit http://www.texashealthandlife.com/.
Texas Health Insurance, Texas Life Insurance, Texas Medicare Supplements
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