Stories and stats from Oregon’s Prescription Drug Price Transparency Program
Salem – The Oregon Department of Consumer and Business Services released its first report to the Legislature on prescription drug prices in Oregon. The program is the first in the United States to gather and publicly disclose comprehensive data about prescription drugs.
Before the report was finalized, a public hearing was held in November where Oregonians shared stories of how the cost of drugs affects their lives.
One story came from a nurse who helps patients with diabetes:
“I often found my patients would simply go without their diabetes medications because they could not afford them. We had a pharmacy at our safety net clinic that could provide lower cost medications, but even with our lower prices, many patients could not afford insulin and other diabetes medications.”
Another was from an Oregonian who cannot retire because of the cost of prescriptions:
“My spouse needs to take Eliquis, 5 milligrams, twice-a-day. A 90-day supply costs $1,343. Again, why so much? My spouse has nine different prescriptions that have to be taken. Another costs $400 for a 30-day supply. My spouse is retired, and Social Security is only $1,200 a month. I continue to work to receive insurance benefits to cover those drug costs. I cannot retire until my spouse dies; I can’t afford to.”
“The stories we received were heartbreaking, emotional, and insightful,” said Andrew Stolfi, Oregon insurance commissioner. “The data taught us a lot, and the consumer stories confirmed exactly why this program matters for all Oregonians.”
The report reveals several findings and provides recommendations for legislative changes to reduce the effect of rising prescription drug costs.
- U.S. prices are typically five times more than the highest price globally for prescription drugs reported to the program. For example, the median price for cardiovascular drugs reported to the program was $580, while the majority of prices in other countries ranged from $5 to $164.
- Most of the annual price increases reported to the program range from the reporting minimum of 10 percent to approximately 20 percent. Manufacturers attribute these increases to rebates, the use of co-pay assistance programs, obligations to shareholders, research and development costs, and other related factors.
The program will continue to build upon the information received in the first year to improve the program for the future and to continue to understand the effect of drug prices and costs. As more information is received, the program will engage in analyses to inform policies to reduce the cost of prescription drugs to Oregonians.
- Patient assistance reporting for new prescription drug reports – New drug reports currently do not include any patient assistance information, despite several new drugs coming to market with patient assistance.
- Transparency across the pharmaceutical supply chain – The price of a prescription drug is influenced by several factors, including the interactions and financial negotiations between pharmaceutical supply chain entities. These entities can influence the price paid at the pharmacy counter, the cost of health insurance premiums, and how prescription drugs contribute to overall health care costs.
All Oregonians can access the report and view the public hearing by visiting the program’s website.
All Oregonians are encouraged to report an increase in the cost of their prescription drugs or share their story one of four ways:
For more information, visit dfr.oregon.gov/drugtransparency.
- Email Rx.email@example.com
- Call 833-210-4560 (toll-free)
- Online consumer price increase report
- Share your prescription drug price increase story
COPY, PASTE, LEGISLATE -- Great Exposé on Auto Dealers Seeking to Avoid Liability for Selling Dangerous Used Cars
Great investigation and reporting effort about how used car dealers put profits over peoples' lives and how they use their profits to buy power in state legislatures, which gives them a chance to sneak through legislation that immunizes them from liability for selling actual killer products.
This is just another example of how our corrupted system of influence buying through campaign contributions threatens all Americans with a return of the "buyer beware" sales practices that consumer protection legislation and civil suits have helped fix.
COPY, PASTE, LEGISLATE
Click on the photo above to be taken to a cool search engine that compiles state-specific and federal benefits in one place for any state. Here's today's printout for Oregon (subject to updates of course):
I've had to help several people clients get money back from shady "training" companies that supposedly offer to teach you how to flip real estate for big profits.
These slimy people are truly the snake-oil salespeople of the 21st Century. Whether they call themselves "[big name] University" or some sort "seminar" offering "inside information," the only thing you really need to know is this:
The only easy money made in real estate is made off people who think there's easy money to be made in real estate.
Don't be one of them.
A mailer sent by defendants enticing consumers to attend a Nudge “preview event.
October 31, 2019
The wonderful Ronni Bennett put a great "intro to Medicare" guide on her blog "Time Goes By." Very helpful.
Annual Medicare Enrollment Period has Arrived
by Bridget Small
The Truth About Forced Arbitration -- the real story emerges from data from the arbitration companies themselves
Forced arbitration is a rigged system designed by corporations in which injured workers and consumers have no meaningful chance of finding justice.
Forced arbitration requires Americans to “agree” to surrender fundamental constitutional rights – often without ever realizing they’ve done so.
When corporations harm workers and consumers by cheating, stealing, or even breaking the law, cases that should be heard by a judge or jury are instead funneled into a secret system controlled by the wrongdoers in which there is no right to go to court, no right to a jury, no right to a written record, no right to discovery, no transparency, no legal precedents to follow, no opportunity for group actions when it would be too difficult or costly to file a claim alone, no guarantee of an adjudicator with legal expertise, no transparency, and no meaningful judicial review. Without such checks and balances, the deck is stacked heavily against workers, patients, and consumers, and systemic misconduct is allowed to continue in secret.
Forced arbitration’s proponents counter that the process is faster, fairer, and better for workers and consumers than going to court. However, this comprehensive analysis of the self-reported data provided by the arbitration organizations makes clear that forced arbitration is not an alternative judicial process, but instead eliminates claims, immunizes corporations, and allows abuse, discrimination, fraud, and essentially all other corporate wrongdoing to go unchecked.
Americans are more likely to be struck by lightning than they are to win a monetary award in forced arbitration.
Click on the image to get a copy of the full report or download it here.
John Gear Law Office -