Thursday, March 18, 2010

Senator asks drugmakers to explain prices

Senator asks drugmakers to explain prices; Reuters

A Senate Democrat asked top drugmakers on Wednesday to explain why Americans pay higher prices for prescription drugs than patients do in other developed nations.

Senator Herb Kohl, who chairs the Special Committee on Aging, sent letters to AstraZeneca, GlaxoSmithKline, Eli Lilly, Novartis, Pfizer, and Sanofi-Aventis

Kohl said Americans on average pay twice as much as people in other industrialized countries.

"While I firmly believe that drug quality should not be sacrificed for cost, the large discrepancies in the cost of identical drugs cannot be explained by differences in production or manufacturing," Kohl wrote in letters to the companies

Comment: Well I'm sure the prescription drug bill signed by Bush, MEDICAID and MEDICARE, or the hundreds of government regulations that prevent competition in the marketplace wouldn't have anything to do with it Senator Kolh.

But we got that H1N1 vaccine pretty quick, even though there wasn't any pandemic.

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