Archive for January, 2017

Pharma by the Numbers

Posted by on January 25th, 2017

Hand writing the text: Uncover the FactsHere some numbers to help put the prescription drug price debate in context.

Pharma by the Numbers:

  1. $1 trillion—The value of the global pharmaceutical market in 2015. It is expected to hit $1.5 trillion by 2021. Fun fact: One trillion US $1 bills stacked on top of each other would be over 67,000 miles high.
  2. $300 million—the yearly revenue of PhRMA, one of the pharmaceutical industry’s powerful lobby groups.
  3. $425 billion—Amount spent by Americans on prescription drugs (before rebates) in 2015. Fun Fact: You could purchase 40 Gerald R. Ford-class aircraft carriers for this amount.
  4. 4.27 billion—Number of retail prescriptions that were filled in the US in 2016. That’s an average of 13 prescriptions for every American.
  5. $240.5 million—Amount of money the pharmaceutical industry spent lobbying politicians in 2015.
  6. $18 million—Median salary of the top 14 pharma CEOs in 2015.
  7. 50%—North America’s share of global pharmaceutical spending.
  8. 15%—Average share of total revenue spent by the world’s top 10 pharmaceutical companies on research and development in 2014.
  9. 100%—Drug companies often spend double the amount on marketing and sales than they do on R&D.
  10. 25%—Percentage of Americans who struggle to afford their prescription drugs.
  11. 60%—Percentage of Americans who take at least one prescription drug.
  12. 40%—Percentage of finished pharmaceuticals used produced outside the US. 80% of active pharmaceutical ingredients used by US pharmaceutical manufacturing facilities are produced in a foreign country.
  13. 10%—Average annual increase in the price of prescription drugs.
  14. 50%—Percentage more that Americans pay for prescription drugs compared to Canada.
  15. According to the AARP, brand name drug prices increased 130 times faster than the general rate of inflation in 2015.

 


Canada Drugs A Top Drug Blog

Posted by on January 19th, 2017

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Feedspot recently named Canada Drugs one of the Top 50 Drug Blogs on the web! To make it on this list, blogs are ranked based on following criteria:

  • Google reputation and Google search ranking
  • Influence and popularity on Facebook, Twitter and other social media sites
  • Quality and consistency of posts.
  • Feedspot’s editorial team and expert review

We’re excited and honored by this award. Our goal is to provide interesting and insightful commentary on a variety of healthcare issues. The major issues we write on are high US drug prices, living a healthy lifestyle, and developments in the health care field.

Canada Drugs mission is to provide people around the globe access to safe, affordable medication.  We thank the hundreds of thousands of patients who have entrusted their prescription drug purchases to us over the last 16 years.

 


Small Businesses Are Feeling the Rx Drug Price Crunch Too

Posted by on January 19th, 2017

small business - text in vintage letterpress wood type printing blocks with a cup of coffee
We tend to focus a lot on the effect of prescription drug prices on individuals. That’s for good reason; there are a lot of people who cannot afford the prescription drugs they need, yet have to pay big money out of pocket to buy them. Employers are affected by high drug prices as well. According to a poll conducted by Small Business Majority, a national small business advocacy group, business owners also struggle to pay for prescription drugs. The poll revealed 88% of small business owners believe prescription drug prices are too high, and 72% of those polled blame drug manufacturers as opposed to 20% who believe health insurers are to blame.

Employers are using two main tactics to control their prescription drug costs; increasing cost sharing with employees by shifting some of the higher costs to them (39%) and absorbing the costs to maintain the same level of coverage (31%). Other cost management techniques include reducing prescription drug coverage (15%) and reducing the number of employees who get health benefits (10%). Not surprisingly, small business owners favored a series of policy proposals to control the cost of prescription drugs. About 88% favor banning pay-for-delay, a practice where a brand drug manufacturer pays a generic manufacturer to hold off introducing a generic competitor for a period of time. A whopping 90% agree that drugs developed with tax dollars should be marketed at an affordable price; and 85% agree Americans should be able to buy prescription drugs from Canada.

In polling and research that’s being done on the issue of high drug prices, one theme is consistent, Americans favor prescription drug importation from lower priced Canadian pharmacies. High costs for employers are a problem in the long run. Small business owners, who do not have the resources of large corporations, feel these costs more intensely. It may mean that expansion plans have to be put aside and fewer new employees can be hired.

The fact that both individuals and businesses support opening prescription drug importation from Canada is not surprising. They realize it would provide the immediate price relief Americans deserve. High drug prices hit everyone hard. They cause insurers to change copays and plans to control costs, they cause people to deeper into increasingly stressed finances and they cause employers to be less generous with their employees.  Personal importation would help ease these stresses and let employers invest their money in expanding their businesses.


Your Lifestyle Is Just As Important As Your Genes

Posted by on January 17th, 2017

Nordic walking - active people working out outdoorWe’re a few weeks into the New Year and this is the time most people give up on their New Year resolutions. For the millions who have pledged to themselves they will lose weight, eat better, and just generally live healthier there is additional encouragement now to keep up those goals. By eating right and losing weight you can make major cuts in your risk of heart disease and cardiovascular problems, even if you’re genetically predisposed to them.

It’s probably something you’ve heard over and over, when it comes to health, lifestyle is king. Even for those who have a genetic predisposition to heart disease, living a healthy lifestyle can significantly cut the risk of cardiovascular events like a heart attack. Recent research suggests that lifestyle factors can cut the risk of cardiovascular events in half for those genetically predisposed to heart disease. According to the Researchers at the Center for Human Genetic Research at Massachusetts General Hospital simple things like not being obese, eating a healthy diet, not smoking and getting regular exercise contribute significantly to reducing a person’s risk for heart disease.

Your genes determine a lot about you, including which diseases you might be susceptible to. However you are not powerless to affect your own health. Just because you have a genetic predisposition to an illness like heart disease does not mean you cannot do anything to prevent it. The research proves that. The best resolution you could make this year would be to eat better and exercise. Not only will it improve your quality of life but also help prevent illness later on. Simply taking a 30 minute walk can be a great way to get started on your new healthy lifestyle.

Health care is very expensive. With the future of Obamacare’s provisions uncertain and the cost of healthcare and prescription drugs continuing to skyrocket, prevention is, more than ever, the key to keeping healthcare costs in check. Simple actions like a better diet and moderate exercise can improve your chances of not developing serious health conditions which can save you and your family money in the long run. The need for expensive medical treatment and prescription drugs will be reduced which benefits everyone in the long term.