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HHS: Prescription drug costs have skyrocketed in recent years

MedCity News

From July 2021 to July 2022, 1,216 prescription drugs saw price increases that soared past the inflation rate of 8.5% Another reported that in 2021, the American healthcare system spent $603 billion on prescription drugs, of which $421 billion was spent on retail drugs. for that time period, one HHS report showed.

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Venture Capital Firm Shares Ambitious Value-Based Care Strategy: Buy a Health System [Sponsored]

MedCity News

ENGAGE at HLTH offered compelling discussions around retail health, prescription drug prices and investment trends. The opening day of the HLTH 2023 event offered a surprising announcement from venture capital firm General Catalyst. Weight Watchers CEO called for a change in how we talk about obesity.

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CVS Exec: We’re Going To Find Out if Blue Shield of California’s New Drug Model Will Lower Costs

MedCity News

The model has the potential to increase drug costs, but it remains to be seen, according to Creagh Milford, SVP of retail health at CVS Health. Blue Shield of California recently switched up its pharmacy benefit model by distributing responsibilities to several different vendors.

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There is Still a Significant Need for Community Pharmacies

MedCity News

Losing these retail medication outlets creates more than just pharmacy deserts. In many low-income and underserved areas, drugstores also serve as grocery stores and hubs for essential services, and hence their closures mean communities lose crucial access points for a variety of goods and services.

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What Will Rite Aid Need to Do to Recover from Bankruptcy?

MedCity News

Rite Aid filed for Chapter 11 bankruptcy protection on Sunday amid decreasing sales, billions of dollars in debt and more than a thousand lawsuits claiming the chain filled illegal prescriptions for opioids.

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The future of healthcare?

World of DTC Marketing

In my opinion, these total urgent care centers will be springing up throughout the US and could even be branded under retailers like Wal*Mart or Target. One urgent care center has an area just for prescription drug brochures, and I was surprised to see so many people reading them. Where does pharma fit in?

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Breaking Down Patient Access Barriers

PM360

Pharmacies are also feeling the impact, as unaffordable medication costs lead to prescription abandonment, undermining long-term care plans. Additionally, with high-deductible health plans (HDHPs) becoming more common, many patients report financial stress, postponing care, and skipping prescription refills to avoid unexpected costs.