Are Brand Name Drugs Driving Up Medicare Spending?

By Ankita Rao, Staff Writer, Kaiser Health News A new study suggests that cash-strapped Medicare missed an opportunity to save more than $1 billion by not addressing the varying costs and use of prescription drugs. “The main issue, and the only way to fix this, is to change what physicians are doing,” said Dr. Walid Gellad, a lead author and internist with the VA Pittsburgh Healthcare System and the University of Pittsburgh. Physicians in the VA system follow an approval …

Helpful New Tool to Manage Prescription Drugs!

Ever wish you could easily find all the information you could need about your prescription drugs in your own home? Ever wonder how you should go about talking to your health care professional about the medications you are taking? How about wonder if you are getting the best medicine for your needs at the best price? Well, AARP and Consumer Reports Health have launched a new online tool so that you can wish and wonder less about your prescription drugs. …

Skyrocketing Drug Prices

AARP released a report today that finds that prices of widely used brand name prescription drugs skyrocketed last year – “skyrocketed” meaning climbed more than eight percent (8%) even while general inflation remained negative. The New York Times covered the findings here. The report – called Rx Price Watch – is the first of its kind, looking at the retail price of drugs – that is, the amount that is actually charged to consumers (and/or insurers). The findings of this …