This is not an isolated example, just the latest of a longer-term problem -- pharmaceutical companies buying up rare drugs, then making huge price increases.
I have been doing some research with regard to the future of health care in this country now that a system has been put in place for a health care p...
I hate insurance companies. I loathe their existence. They serve no purpose other than to make their shareholders happy and their executives rich. They are the reason that healthcare is a losing battle in this country.
If the U.S. auto industry ran like the country's health care system, all American cars would cost in excess of $100,000, resemble Rube Goldberg machin...
By Laura Bolt for DETAILS. (photo: Getty Images) As tempting...
I write this as a physician who can see through the façade and racket of what corporate medicine has created. My history of abuse gives me the sensitivity to feel it when it is present. The corporate system of health care is abusive.
The pharmaceutical industry is the most powerful monopoly in the United States. Not surprisingly, it delivers mostly second-rate products at ridiculously inflated prices. The results are unprecedented profits and bad patient care.
Whatever you may think about how we pay for health care, everyone can agree that staying out of the emergency room is a good thing. Maintaining good health through access to primary care and healthy policies is better not only for individuals, but also for health care's bottom line.
Pharmaceutical companies had a chance to be part of the solution -- they could have innovated amazing cures. They could have worked to solve major health care crises and earned a place of honor among the world's greatest problem solvers. Instead they chose profit over humanity.
Blue Cross Blue Shield (BCBS) of Illinois is making life even harder for parents of kids with special needs who purchased their insurance on the Affordable Care Act exchange. And if you think it won't happen in your state, think again.
Health care is not a commodity -- it is our lives. Giving consumers the full picture of quality and price information gives them "value transparency" and ultimately makes the health care industry more effective and efficient at serving patients. As Warren Buffett put it, "Price is what you pay, value is what you get." We believe that our members deserve the highest value care possible.
I lost my two-year-old daughter to a rare and as yet incurable disease. So when I pictured a man like Mr. Shkreli someday holding the key to a terminally ill two-year-old's only hope of survival, I became literally sick.
So long as we continue to combine protection from competition with price-insensitive demand, this problem isn't going away. Something has to give or we will have more cases of Daraprim. And this can't be good for anyone's health.
In a front-page Wall Street Journal article a few days ago, the projection was made that a single-payer national health insurance program (NHI), as part of the presidential campaign of Senator Bernie Sanders (I-VT), would cost $15 trillion over ten years.
Before my recovery, I was all of those horrible, scary things that you hear about regarding mental illness and addiction. I was that in spades, not only on the outside, but on the inside as well.