Half of America’s top 20 largest charities are co-pay charities run by pharmaceutical companies
WHEN PATIENTS in need of medicines in America go to fill their prescription the price they have to pay can vary wildly. For generic off-patent drugs prices are usually low for the uninsured and free for those with insurance. But for newer patent-protected therapies prices can be as high as several thousand dollars per month. Those without insurance might end up facing these lofty list prices.
Not everyone qualifies for their help. Unsurprisingly, pharma-owned co-pay charities only fund co-payments on prescriptions for drugs that they manufacture. There is an income threshold, too, which excludes the richest Americans—though it is usually set quite high, at around five times the household poverty line in America.
Pharmaceutical companies will often claim that helping patients with their co-payments is one way of making expensive drugs more accessible. But it has the fortunate consequence of making their customers price insensitive, because insurance companies will often use high co-payments to nudge their customers into opting for generics over costlier branded drugs: no co-pay, no incentive to save money.
There is also evidence that pharmaceutical companies bump up the scope of their co-payment programs shortly after they hike drug prices. When Martin Shkreli, the former boss of Turing Pharmaceuticals , increased the price of Daraprim 50-fold in 2015 he also donated money to a fund to cover co-pays for patients with toxoplasmosis, a disease treated using Daraprim.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
‘The Kitchen’: Why Audiences Rejected a Serious Melissa McCarthy and Tiffany Haddish Movie“The Kitchen” couldn’t take the heat. Burned by negative reviews and pitched competition, Warner Bros. and New Line’s heist thriller — starring Melissa McCarthy, Tiffa…
Baca lebih lajut »
17 Suuuuuper Awkward Moments That Prove Why Literally No One Peaked In High SchoolPeople Shared The Most Awkward Things That Happened To Them In High School, And We're All Cringing Simultaneously
Baca lebih lajut »
Column: Why the short-term health plans Trump favors are cheap: They shortchange you on careLimited healthcare plans are useful only in very limited circumstances. 'Turning them into long-term substitutes for good health coverage only exposes their buyers to loss,' writes columnist hiltzikm
Baca lebih lajut »
Why Alexis Ohanian says increasing paternity leave would have a 'tremendous impact' on working womenWhen Reddit co-founder Alexis Ohanian's daughter was born in September 2017, the entrepreneur spoke candidly about taking 16 weeks of paternity leave in order to care for his newborn daughter and his wife, Serena Williams. Now, he's partnered Dove Men + Care to push for all dads to have access to the same leave.
Baca lebih lajut »
Here's Why Electronic Arts' Stock Grew 75% In 5 YearsElectronic Arts’ (NASDAQ:EA) stock price has moved up 75% over the last 5 years. We break down the change in stock price into 4 factors: Electronic Arts’ Stock Price=(Revenue x Margins ÷ No. of Shares) x P/E Multiple. Notably, from fiscal 2015-2019, Electronic Arts’ shares have gained primarily...
Baca lebih lajut »