Pfizer drug company raises prices of drugs
January 4, 2007 12:14am CST
We are a couple who both are on high blood pressure medicine, and medicine for low thyroid, diabetes and others. We spend a couple hundred dollars a month in prescription drugs after our insurance pays some. I read an article in CNN news about the Pfizer drug company raising some of it's wholesale drug prices 5% which is higher than in the last 3 years. I think it is the drug companies who contribute to high insurance costs. We have to pay a little over $300 a month for our health insurance and I think that is high. Any thoughts on this subject?
4 people like this
• United States
5 Jan 07
My husband and I pay over $300 per month for our health insurance through his job. Husband has a Medical Reimbursement Account also, and we put $300 per month into it. We get reimbursed for all out-of-pocket medical expenses (doctor visits, hospitalization, prescriptions, eye glasses, dental bills and some over-the-counter stuff). We have to use the money in the account or lose it each year. We do pay out about $250 per month on our prescriptions...add in eyeglasses or a dental bill, and we've never had a problem getting our MRA money back. It kind of scares me when I think what we might encounter if he does retire next summer (no more MRA account). I just hope he can keep his insurance after retirement. If not, he's either got to keep working or find another job for the insurance benefits alone.
5 Jan 07
I would imagine it is a very scary position to be in if you need to buy a lot of medication and are on a limited income .. I am forever grateful I live in England with it's good old National health Service .. even if it is a bit creaky and groaning with debt at the moment .. We have an excellent prepaid prescriptions plan where I have to pay just £96 a YEAR for all the medications I need .. and I take 12 tablets a day so you can imagine I need quite a lot .. I simply couldn't afford to pay anywhere near the amounts you are paying out ... I simply don't get enough in State Disability benefits to do that. £96 = just under $190 at todays exchange rate ..
• United States
7 Jan 07
You're right, insurance bill is high nowadays and it's hard to find a insurance company that'll give you a good coverage for less money. I aways wonder if it's a good idea to pay for insurance than not to have one at all. But, I'm afraid it'll be way too much money we'll pay if we really have a big emergency if we don't have an insurance handy. You just can't win.