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Showing posts from August 2, 2015

Squirrel King Kong

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Drug Companies and Pharmacists are Overly Protected

New medical discoveries are pushing the cost/patient envelope as more low-end subsidized drugs are taken off the Pharmaceutical Benefits Scheme and new $1,000 plus a week treatments are being added at the top end. Rationally, it is obvious that this will result in fewer patients benefiting. Recently, I went to the pharmacy with a script for a medication that I assumed was still subsidized. The chemist arrogantly said drug companies are not making profit any more: you should pay the $60.00 . I responded saying, how do you know anything about my finances and if you believe pharmaceutical firms need sympathy you are absolutely stupid and unfit to be in the profession . Upon leaving the shop I thought I shouldn't have said that. However, on consideration I believe that I was right. It needed to be said. Pharmacists are a protected breed. They make millions when the government pays them full-recommended list price which it is set artificially high by drug companies. New...