Friday, March 15, 2013

Drug Cost Manipulation by Governments

Overseas government sponsors of public health insurance always set standards for doctors to treat patients. This is what is being done to reduce costs under government-sponsored programs in England, Canada, and Europe.
                       
But what you are not told by U.S. public health enthusiasts, for example, is that cheaper drugs dispensed are often the older versions. They are older generics, whereas newer, more costly branded versions are not dispensed.
                       
That saves money for the government health system.

However, in many instances, older drugs are not better. In fact, they may not do as good a job as the newer, branded drugs.The government thus saves money at the expense of the patient’s health or life.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

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