prescription drugs

FTC Raises Concerns About Efforts to Blunt Rx Competition

Posted on 04/10/2014 by |AARP Blog Author | Comments

Public Policy InstituteBiologic drugs are often used to treat health conditions that affect older populations — diseases such as cancer, multiple sclerosis and rheumatoid arthritis. Derived from living organisms, biologics have an estimated average cost of $35,000 a year, which is far more than that of traditional, chemically derived drugs. Congress recently granted the Food and Drug Administration (FDA) authority to approve less expensive generic versions of biologic drugs, known as biosimilars or follow-on biologics. But while the FDA continues to work …

Millions Save on Prescriptions and Get No-Cost Preventive Services

Posted on 12/17/2013 by |AARP Executive Vice President | Comments

PoliticsNearly seven million seniors and people with disabilities on Medicare have saved $9 billion to date on their prescription drugs thanks to the Affordable Care Act, according to new data released today by the Centers for Medicare & Medicaid Services. That’s an average savings of about $1,200 per person since the health care law started closing the “doughnut hole.” Over time, the law will eliminate the doughnut hole — the gap in Medicare Part D prescription drug coverage where enrollees …

TV Drug-Ad Claims: Take With a Large Grain of Salt

Posted on 09/18/2013 by |Personal Health and Well-being | Comments

Bulletin Today | Personal HealthTelevision commercials for drugs apparently should be taken with a healthy dose of skepticism, says a new study that found that six out of 10 claims in the ads were misleading and one in 10 was false. Researchers analyzed 168 prescription drug ads airing between 2008 and 2010 on the nightly news, which draws a predominantly older audience and is considered a prime time for drug advertising. They found that nearly 60 percent “had misleading statements that omitted or exaggerated …

How to Cut $200 Billion in Health Care Costs

Posted on 06/19/2013 by |Health | Comments

Bulletin Today | Money & SavingsBy Julie Appleby, Kaiser Health News The U.S. spends $200 billion each year — about 8 percent of the nation’s health care tab — on medical care stemming from improper or unnecessary use of prescription drugs, a new report out Wednesday says. Much of those costs result from unneeded hospitalizations or doctor visits, according to the study by the IMS Health’s Institute for Healthcare Informatics, which provides data and other consulting services to the health care industry. Medical costs are driven …

Taxes on Social Security, Prescription Drugs, Food?

Posted on 06/7/2013 by |AARP Blog Author | Comments

PoliticsTax reform proposals are bubbling up in a number of states across the country as elected officials look for ways to stimulate the state’s economy or revamp outdated tax codes. Sometimes, however, a key element gets lost in the debate: what’s fair. Right now, in North Carolina, state leaders are working on a variety of proposals that would force North Carolinians to pay new taxes on the things they count on most, including the basics of everyday living. One Senate …

Does Your Doctor Prescribe Too Many Risky Drugs?

Posted on 05/13/2013 by |Personal Health and Well-being | Comments

Bulletin Today | Personal HealthMedicare’s popular prescription drug program, Part D, covers more than 35 million people and a billion prescriptions annually, but Medicare has never monitored which doctors may be overprescribing medications that are risky for older adults — namely, drugs that are disorienting, addictive or harmful. The investigative journalism group ProPublica, together with the Washington Post, has now launched a database called Prescriber Checkup, which allows users to search doctors’ names and see which ones are frequently prescribing potentially dangerous drugs, such …