When we look at what Americans spend on prescription drugs yearly, we see that we are really an unhealthy society. In fact, last year we spent over $374 billion dollars. Spending on prescription drugs went up 13%..and that is a huge amount of money.
Besides trying to fathom this amazingly huge number of dollars spent on prescriptions, what more-so led me to write this blog was the sick feeling I got in my stomach after reading the statement by Michael Kleinrock, director of research development at IMS Health. Although there was a lot of great news on the treatment/cure of Hepatitis C, the overall dollars are very high. On the news of the $374 billion, he was quoted as saying “This was an outstanding year, really a once-in-a-lifetime year. It was the largest dollar growth in a single year we’ve ever measured. This is a huge amount of extra spending.” Continue Reading →