The increasing burden of medical expenses has been a longstanding concern for individuals, families, and even entire nations. Here are several strategies to make healthcare more affordable without compromising the quality of services.
DTC TV ads don’t drive new Rxs. People today have become savvier about how they determine which drugs they’ll ask about. TV ads do drive awareness, but the path between awareness and asking for the product is a long one with many twists and turns.
Integrating artificial intelligence (AI) into various industries has become both a reality and a necessity. One field where the impact of AI is particularly profound is medicine. However, the question is not whether doctors should utilize AI but to what extent and in what capacity. Striking the right balance is crucial to ensure that AI enhances rather than replaces the invaluable human touch in healthcare.
Physicians for a National Health Program estimate, based on 2022 spending, that Medicare Advantage overcharges taxpayers by a minimum of 22% or $88 billion per year and potentially by up to 35% or $140 billion. By comparison, Part B premiums 2022 totaled approximately $131 billion, and overall federal spending on Part D drug benefits cost roughly $126 billion. A 2021 analysis from the Kaiser Family Foundation found that for a hospital stay of six days, most of those on Medicare Advantage would incur higher costs than they would with Original Medicare.
Developing and bringing a new drug to market is an intricate journey that involves rigorous testing, meticulous research, and, crucially, the scrutiny of the scientific community through the peer review process. The latter is designed to ensure that only the safest and most productive medications reach patients. However, the system has flaws, and one of the most insidious threats is the presence of biased medical peer reviewers.
The internet has become an indispensable resource for learning about health and wellness. However, with the vast amount of online information, it’s crucial to exercise caution and discernment. The dangers of false health information on the internet can have severe consequences for individuals and communities. Can the FDA do anything about it? Maybe, but it’s going to require a lot of help.
Prescription drug advertising has increased year after year, but are THE ads really effective? The FDA is requiring a statutory requirement that in human prescription drug advertisements presented directly to consumers in television or radio format and stating the name of the drug and its conditions of use (DTC TV/radio ads), the major statement relating to side effects and contraindications must be presented in a clear, conspicuous, and neutral manner.
The pharma industry is a complex and controversial one. On the one hand, it is responsible for developing and manufacturing lifesaving drugs and vaccines. On the other hand, it has been criticized for its high drug prices, aggressive marketing tactics, and questionable research practices. Can you be critical about an industry you love?