Heart Failure Solutions
  • Home
  • About
  • Join Life Breath Club
Main Menu
  • Home
  • About
  • Join Life Breath Club
  • About
  • Home
  • Join Life Breath Club
  • Legal Notices
  • Resources
    • Glossary
  • Life Breath Coach On Your Vibrant Life Summit

Tag Archives: Prescription drug

Drug Safety |

September 9, 2010

| by Carrie Tucker

The Big “Secret Price-Gouging Swindle” Drug Companies Will Never Admit…

This article on Dr. Mercola’s blog is such important information that I wanted to waste no time in sharing it with you.

Following is the entire article from Mercola.com

A bill that would end an underhanded tactic that delays the introduction of generic drugs in the marketplace is pending in the Senate.

The tactic, known as “pay for delay,” occurs when a brand-name drug maker pays a significant sum of money to a generic drug maker in exchange for delaying the marketing of the new generic drug.

This allows brand-name drug makers to keep earning profits without competition, while the generic drug maker gets a large sum of “easy, risk-free money.”

As the New York Times reported:

“Both companies profit. The consumer, unfortunately, loses — by paying high, brand-name drug prices instead of lower prices for a generic. The Federal Trade Commission, which has been campaigning to end the practice, estimates that pay-for-delay agreements cost consumers at least $3.5 billion a year.”

Sources:

NYTimes.com August 9, 2010
Dr. Mercola’s Comments:

 

Many people still do not understand the enormous power wielded by the pharmaceutical industry. They, in a very real sense, have dictated the rules of the entire health care system through their massive lobbying, and their financial influence has shaped the health of the entire U.S. population, if not the world, for the worse.

At the heart of their financial success, of course, are the extremely profitable drugs that so many Americans use on a daily basis. The drug prices not only start out extraordinarily high to begin with, but the drug companies have underhanded tactics to ensure their profits keep rolling in, unchallenged, for as long as possible.

One of the most blatant of these is known as “pay for delay” — and there is legislation pending in the Senate that could stop it in its tracks.

“Pay for Delay” Schemes Should be Made Illegal

When a brand-name drug comes off patent, generic equivalents emerge that typically cost consumers far less than the brand-name version. Generic drugs are still overpriced in their own right, but less so than the brand-name drugs.

In the event that a generic drug manufacturer challenges a patent on a brand-name version, it can lead to a costly legal battle that may end up with a lost patent for the brand-name drug.

Knowing this, drug companies will offer to pay their generic rivals a significant sum of money in exchange for delaying the release of their lower priced, generic drug. Both companies profit from the scenario, but consumers lose out by having to continue to pay drug prices that are essentially fixed by the pharmaceutical companies themselves.

There is now a bill pending in the Senate that would essentially ban pay-for-delay schemes because they are both illegal and anticompetitive, but it remains uncertain whether the bill will actually pass — an atrocity considering how much money is being wasted by allowing pay-for-delay to continue.

According to the Federal Trade Commission, ending the practice would save consumers at least $3.5 billion a year, while the Congressional Budget Office stated banning pay-for-delay would reduce the federal deficit by $2.6 billion in the next 10 years.

Drug Companies Get to Name Their Price with Very Little Competition Continue reading article →

Federal Trade Commission, Generic drug, Health insurance, Pharmaceutical industry, Prescription drug, The Big “Secret Price-Gouging Swindle” Drug Companies Will Never Admit…, carrie tucker, heart failure solutions, technorati | Comment
Drug Safety |

April 5, 2010

| by Carrie Tucker

Before You Drug Yourself, Do You Research Prescription Drug Information?

Before You Drug Yourself

Recently I was contacted by a web site that devotes itself to making patients aware of drug recalls, black box warnings, side effects, and other details about prescription drug information as well as over the counter meds they may be using.

They would like me to send you to their web site for your safety and protection.  I am happy to do so.

I just wanted to point out to you that drug companies do not research drug interactions.

Any drug interaction on record is available because some poor soul suffered from experiencing the bad reaction AND it was reported.

If drug companies spent money to discover drug interactions they would hurt their drug sales.  They would make less money for their stock holders, and they are not about to spend money to make less money.

Please be aware that the profit of their stock holders is without a doubt more important to the drug company administration than is their concern for you.

The following statement is from DrugWatch.com.

Drug Watch: Accutane, Yaz & Heart Disease

By providing FDA alerts, drug interactions and up to date information about prescription and over the counter medications, we can ensure an environment where patients have the best knowledge on their medical treatment and health.  The safety and protection of consumers and patients must be the focal point of modern medicine.

(As I said above, safety and protection must be the focal point, but the truth is that it ISN’T.  Drug Watch.com is simply working to protect you as best they can.)

Two drugs that have recently been in the news are Yaz and Accutane. Both of these can cause several side effects, including cardiovascular problems.

DrugWatch.com educates visitors by providing access to a database of thousands of medications and associated side effects. DrugWatch.com is updated daily with news breakthroughs, information about medications currently involved in clinical trials, up-and-coming drug recalls, and Food and Drug Administration warnings.

(Please be aware that adverse drug reactions are only recorded if they are reported. As a consumer, it is your duty to report any adverse reactions you experience from drugs. If you don’t, others may not have access to the information. You can go to the FDA web site to report incidence of adverse reaction.)

YAZ & ACCUTANE

Drospirenone, known as “Yaz,” was approved by the Federal Drug Administration (FDA) on March 16, 2006 as an oral contraceptive to prevent against pregnancy, treat acne and treat the symptoms associated with premenstrual dysphoric disorder (PMDD). The medication contains the hormone estrogen and a type of progestin called drospirenone to prevent ovulation.

Yaz and Accutane both share several relationships, including:  Continue reading article →

Prescription drug, carrie tucker, heart failure solutions, prescription drug information, technorati | Comment

Login To Gain Access

You are not currently logged in.








» Register
» Lost your Password?

                Legal Pages                                                                Copyright © 2008-2015 · All Rights Reserved · Heart Failure Solutions

Translate »