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The Food and Drug Administration approved Narcan, or naloxone, for over-the-counter use last month, a move experts hailed as one that's expected to increase access to the crucial medication.
Some medications that Allergan manufactures saw a 9.5 percent jump in cost, while others saw a 4.9 percent increase in cost. [67] This helped Allergan make a profit of over $15 million in 2018 alone. [68] This trend is seen all across the healthcare industry, as the price of drugs increase so do the profits of the largest drug companies.
This implies that as the transport costs increase, the higher quality good will become more prevalent than the lower quality good. In the drug-specific context, as costs associated with drug enforcement increase, the more potent drug will become more prevalent in the illegal drug market.
The Office of National Drug Control Policy estimates that $100 billion worth of illegal drugs were sold in the US in 2013. [1] In the fiscal year of 2023, a total of 19,066 cases related to drugs were reported, with drug trafficking accounting for 18,939 of these cases.
These five drugs' unsupported net price increases produced $815 million in incremental added costs to U.S. payers in 2023. These price increases contributed significantly to the overall spending ...
Drug companies would be required to report certain pieces of information on drugs that cost more than $100 and covered by Medicare or Medicaid based on the rate of price and spending increases, or face civil penalties. One provision of which would require that drug companies report certain drug price increases at least 30 days before the price ...
WASHINGTON (Reuters) -More than 1 million people in the U.S. will save over $1,000 a year beginning in 2025, when an annual $2,000 cap on prescription drug out-of-pocket costs kicks in, the ...
The Harrison Act was strengthened in 1922 to increase the maximum penalty from five years in prison to ten years. [1] In regard to consumer drugs, the Pure Food and Drug Act of 1906 required that drug products be accurately labeled with their active ingredients.