Why are prices for prescription drugs raising?
One pill, just one, can both save a life and drain a bank account.
The ballooning cost of some prescription drugs is now driving people to desperate decisions.
But it didn’t have to this way.
What did congress fail to do that’s leaving you with one tough pill to swallow.
Each key is therapy.
“My first seizure, I was 20 minutes old.”
Patient Amanda Merten is a prime example of how each note tunes an orchestrated path to healing, after decades of seizures.
“My life literally depends on these medications.”
Prescription pills and lots of them.
“If I didn’t have these medications, I would have non-stop seizures, all day, every day.”
Medications that are getting more expensive by the day.
The journal of the American Medical Association (JAMA), reported between 2008 and 2015, a whopping 164 percent price increase for brand name drugs.
Amanda’s have gone up as much as 26 percent in just over according to data from Medicaid.gov.
So why the increases?
And how are drug companies allowed to keep raising prices?
“What have you done to try to reduce the cost of prescription drugs?”
We tracked down US Senator Bill Nelson to ask him why congress isn’t doing anything to stop it.
The Florida democrat says he’s written amendments and bills to allow the federal government to negotiate drug prices, but none of them became law.
And that’s costing taxpayers hundreds of millions of dollars according to the senator.
“So you’re saying Americans are paying more for prescription drugs because of politics?”
“Because of the power of the Pharmaceutical Lobby.”
That industry gave lawmakers more than $58 million during the last election.
And hundreds of millions of dollars over the last two decades.
And while that campaign cash was coming in, prescription prices for people like Amanda, kept going up.
“I woke up one morning and my car was gone. It was repossessed.”
Homeless, not once, by twice.
“I had to spend every penny I had on my medication because my life depended on this medication.”
So, you now know the problem, but what is the solution? Short of congress taking action there are things you can do.
-About 19 million Americans have purchased cheaper drugs online from countries. Just make sure you are buying them from a legitimate pharmacy.
-Some drug manufacturers will help you pay for your prescriptions.
-And you can work with your doctor to get a cheaper alternative.