Medicare on Video Launches Article Detailing America’s Prescription Cost Crisis
Plenty of factors stand behind the nation’s soaring medication prices, and explaining them is a step toward resolution, publishes medicareonvideo.com
Saint Petersburg, Florida – April 1, 2018 /MarketersMedia/ —
AARP’s Rx Price Watch Report recently shed some light on the nation’s prescription drug cost crisis, making way for a grim forecast for the years to come. According to this account, prices on commonly used name brand drugs surged more than 172 percent between 2005 and 2015. Figures released by the Government Accountability Office likewise indicate a 100 percent increase in the price of 300 generic alternatives during the last year for which information has been made available. CBS News further pointed out a more than 11 percent uptick in medication costs in both 2016 and ’17.
This is old news to Keith Armbrecht of Medicare on Video, a comprehensive Florida-based resource for Medicare recipients and their families. As part of an ongoing effort to keep the public informed on the latest developments in this sector, Armbrecht has launched an article entitled Prescription Drug Prices: A Political Football.
In regard to the newly published piece, Armbrecht noted, “Medication costs have risen to unprecedented levels in recent years, affecting Medicare recipients, privately insured individuals and those without healthcare coverage alike. While the majority agrees this matter has gone too far, most feel there’s little the public can do to stop it.”
A recently published Kaiser Health Tracking Poll is referenced throughout the article highlighting public opinion on various elements of this development. Ninety percent of Americans feel legislative intervention is needed at this point; however, less than half believe any steps will be taken in the direction of public interest.
While providing assistance with the cost of prescriptions is among Medicare’s primary purposes, legislature prevents the national social insurance program from negotiating with pharmaceutical companies on the cost of medications. Prescription Drug Prices: A Political Football delves into the reasons for skyrocketing medication costs. The piece additionally provides information on failed attempts at resolution as well as other details.
“No doubt, the public has an idea of the driving force behind climbing drug costs,” concluded Armbrecht, “but this article is meant to further explain the situation. Since prices aren’t going to take a turn in the right direction any time soon and public outcry has been ineffective this far, raising awareness is the first step in empowering America to fight back. Medicare on Video was established as an informative platform, and this article is the latest step in serving that purpose.”
About Medicare on Video:
Designed to be a complete Medicare resource center, Medicare on Video offers videos, guides, links and additional resources on every aspect of this topic.
Contact Info:
Name: Keith Armbrecht
Email: keith@medicareonvideo.com
Organization: Medicare on Video
Address: 11120 7TH ST E
Phone: 727-954-5317
For more information, please visit http://www.medicareonvideo.com
Source: MarketersMedia
Release ID: 323432
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