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Humanist_Activist

(7,670 posts)

13. Negotated group prices have always varied widely, I don't know how...

Fri Nov 22, 2013, 01:37 PM

Nov 2013

pharmacies are reimbursed compared to wholesale or retail price of the medication. Its not unusual for me to see the uninsured price for a medication to be 500 dollars, but the price that the insurance company actually pays in 50 and the patient 10.

Not sure if that screws the pharmacy that has to get the medication wholesale, or if they are reimbursed by the manufacturer, or how that works, its not my department, and I never really asked before, now I'm curious about it.

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Talked to my Pharmacist today about drug company pricing. [View all] Savannahmann Nov 2013 OP

The ACA is killing them? How about the greedy drug companies who JaneyVee Nov 2013 #1

I did not say I agreed Savannahmann Nov 2013 #4

Small pharmacies yeoman6987 Nov 2013 #28

Message auto-removed Name removed Nov 2013 #38

The ACA should have included price controls for prescriptions, even setting prices in many cases... Humanist_Activist Nov 2013 #2

The ACA (according to the same pharmacist) Savannahmann Nov 2013 #5

Negotated group prices have always varied widely, I don't know how... Humanist_Activist Nov 2013 #13

Funny, because all my Rx's Control-Z Nov 2013 #3

Is that the price negotiated by your group plan, or the (uninsured)market price? Humanist_Activist Nov 2013 #7

Our plan covers prescriptions Savannahmann Nov 2013 #9

Weird Kelvin Mace Nov 2013 #6

You may not see these price increases, only the pharmacy and your plan might see them... Humanist_Activist Nov 2013 #12

I check the retail price Kelvin Mace Nov 2013 #15

So smart of you. dixiegrrrrl Nov 2013 #24

I am also fortunate in that my sister is VERY Kelvin Mace Nov 2013 #36

She would have helpful info, I do think. dixiegrrrrl Nov 2013 #40

I'd sure like to see some corroboration of 400% increases. Hoyt Nov 2013 #8

I did a quick search, and found numerous stories from 2010 and 2009 Savannahmann Nov 2013 #10

Your pharmacist would not be the first to use Obamacare as an excuse to raise prices or gripe. Hoyt Nov 2013 #18

.Your pharmacist would not be the first to use Obamacare as an excuse to raise prices dixiegrrrrl Nov 2013 #25

Pedantic math nitpicking Kelvin Mace Nov 2013 #17

OK, you got me. Well unless the pharmacist meant prices are 400% of base period. Hoyt Nov 2013 #21

I agree Kelvin Mace Nov 2013 #34

look at that! dixiegrrrrl Nov 2013 #30

Perhaps explains the sudden push to get Skidmore Nov 2013 #11

I will say that I started buying insulin for my mom gvstn Nov 2013 #14

So you are telling us that this only applies to increases.. busterbrown Nov 2013 #16

Perhaps. But his emotion was genuine. Savannahmann Nov 2013 #19

Yea, its tough all over. busterbrown Nov 2013 #23

I don't know about this story. I deal closely with several high dollar biotech drugs and pricing has TheKentuckian Nov 2013 #20

Local pharmacist can't negotiate prices like CVS, Walgreen's, Rite-Aid, Walmart, Target, supermarket FarCenter Nov 2013 #22

Walgreens moved into town and immediately bought out our local pharmacy. dixiegrrrrl Nov 2013 #32

maybe there's more to the Obama & pharma negotiations that did/didn't/did/didn't happen alc Nov 2013 #26

Personally libodem Nov 2013 #27

Message auto-removed Name removed Nov 2013 #35

welcome to du gopiscrap Nov 2013 #37

Top-notch FUD Mann-y! nt tridim Nov 2013 #29

If they keep this up, we will have to nationalize them all. Laelth Nov 2013 #31

Never heard of an inventory loan, this feller, eh? jberryhill Nov 2013 #33

One of my prescriptions... TeeYiYi Nov 2013 #39

I knew it Rx is a scam CFLDem Nov 2013 #41