The Alliance For Natural Health

The Pulse of Natural Health Newsletter

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Wonder Why the Price of Some Generics Are So High?

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Recent investigations reveal major price fixing in the generic drug sector, drastically increasing costs to consumers looking to save money.

This past January, Jeffrey Glazer, the CEO of Heritage Pharmaceuticals, a subsidiary of Indian drug company Emcure Pharmaceuticals, pleaded guilty to violating US antitrust law by conspiring with manufacturers to fix the prices of generic drugs. Glazer is reportedly cooperating with federal prosecutors, which might implicate Emcure’s CEO, Satish Mehta, in the price fixing scheme.

Heritage Pharmaceutical allegedly coordinated with its major competitors to hike the price of glyburide, a diabetes medication, by 200%.

The generics business is, of course, supposed to save consumers money by cutting prices of expensive patent medications. Generics save consumers an estimated $227 billion each year. But stories like this suggest that the generics business is not immune to the same market-fixing inclinations as their colleagues in the patent pharmaceutical sector.

Read the full story here.

 

Other articles in this week’s Pulse of Natural Health:

Congress to FDA: Cut It Out!

Trump Changes School Lunch Rules—While Maintaining the Current Crony System

Antidepressants in Pregnancy Tied to Autism

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  • Cathy Koch

    I have taken Effexor (generic) for years, the price has always been $7.00 or less a month. This year it went up to $47.00, the only drug that works for me, how can I afford this on a fixed income? No raises in SS, but everything is going up, what are we supposed to do?

    • Jane domes

      Be careful if you ever stop.I lost my insurance once and went totally off of it.Was’nt a pleasant feeling experience.

  • rightsmite

    The drug. companies in America are charging more for All drugs since OBAMA was in office and OBAMA attempted to stop Americans from buying drugs from Canada which proves the drug companies were paying him off as well. Many commonly prescribed generics are ridiculously priced. Especially the ones that are most prescribed for seniors. The Federal government needs to step in and stop the fraud and corruption and price gouging by the pharmaceutical industry. We pay more for drugs in this country than any place in the world. By the way, it’s not just the drug. companies robbing people , its pharmacies also.

    • Jerry Schull

      News flash.. Obama is not in office. Trump is.

      • rightsmite

        This crap started because of Obama’s policies. You Libs blamed Bush for everything the entire time OBAMA was in office. You can never take the blame for anything. It’s always someone else’s fault.