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Tuesday, April 15, 2008  

Prescription Drug Companies Manipulate Health Insurance Consumers

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Forbes.com asks this week, why was it that Merck and Schering-Plough took 20 months to analyze a key study in which their cholesterol blockbuster Vytorin failed to beat a cheaper generic?

Simple answer: so those people whose health insurance covered generic drugs would still have to pay big bucks for a medication they thought was helping them.

It's not a big shock, after all. Prescription drug companies have been under fire lately for spending billions on advertising new drugs to consumers, for trying to lure doctors to their products with pricey gifts and dinners, and for failing to understand the full ramifications of their medications before they release them to an unsuspecting public.

The generic equivalent to Vytorin is now Zocor, and is available to those with health insurance for 1/3 or less than the cost of the newer drug. And, in considering that the companies in question make $5 billion per year in the cholesterol industry, they likely made quite a lot of money by cheating sick people out of cheaper and equally effective prescription drugs.

Of course, those who can't afford health insurance at all are stuck paying too much for any of their medications. But, those who do pay for health insurance every month deserve to enjoy the benefits of cheaper medications when their failing health requires it.

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