Drug prices rising because of pressure from shareholders to deliver higher profits

KEY TAKEAWAY: So far in 2019, more than 3,400 drugs have boosted their prices, a 17% increase compared with the roughly 2,900 drug price increases at the same time in 2018, according to a new analysis by Rx Saving Solutions, a consultant to health plans and employers. The average price hike for those 3,400 drugs stands at 10.5% or about 5 times the rate of inflation, the study found.

Continue reading

Google searches for health-related information doubled among patients in the week before an ER visit

KEY TAKEAWAY: Google searches for health-related information doubled among patients in the week before an ER visit, with more than half searching for clinical information related to the reason for their visits, such as the symptoms they were experiencing or potential illnesses they believed they might have. Another 15 percent searched for the location of the emergency department or other logistical information. Patients often searched health-related terms multiple times before heading to the hospital.

Continue reading

The debate clearly showed that healthcare is a huge issue

KEY TAKEAWAY: Changes, big changes, are coming to healthcare. Among the targets are insurers who are raking in billions as well as PBM’s and pharma. As more companies merge or swallow up smaller one’s pharma is going to have to cut the fat because the public is not going to allow price gouging anymore.

Continue reading

Health insurance too profitable while employees struggle

KEY SUMMARY: For years, businesses have responded to rising health care costs primarily by shifting more of those costs onto their employees, through higher deductibles and other cost-sharing. The average deductible is now 212% higher than it was in 2008. Employers cover more people than any other insurer and account for about 20% of all health care spending — almost $700 billion in 2017. With rising, costs companies may decide to form their own health insurance organizations.

Continue reading

More proof that it’s about profits not patients.

IN SUMMARY: A study, in the journal JAMA Network Open, found a substantial industry-wide rise in insurer and out-of-pocket costs for top-selling, brand-name prescription drugs, highlighting one of the foremost problems in health care today: unimpeded price increases in the pharmaceutical market. Pharma companies are daring the government to intervene in the drug pricing debate.

Continue reading

American’s are overly reliant on the drug industry

KEY TAKEAWAY: Over 80,000 new cancer cases are associated with low whole-grain intake, low dairy intake, high intake of processed meats and red meat, low fruit and vegetable intake, and high intake of sugary beverages. In other words we aren’t doing enough to prevent some cancers.

Continue reading

Millennial’s and women poor health ensures risin​​g healthcare costs

  • The Blue Cross Blue Shield, The Health of America Report® examined the health of millennials.
  • Millennials (ages 34-36) had a Health Index of 93.8 in 2017.
  • 43 million women have heart disease – more than HALF do not do exercise to offset the disease.
  • 61 percent of the 43 million women with heart disease weren’t meeting the physical activity guidelines recommended by the American Heart Association (AHA).
  •  Healthcare costs were about $4,000 more for women who weren’t exercising compared to those who were.  
Continue reading