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Questcor Finds Profits, at $28,000 a Vial
New York Times, by Andrew Pollack

Original Article

Posted By:LittleHoodedMonk, 12/30/2012 9:11:54 PM

Anaheim, CA - THE doctor was dumbfounded: a drug that used to cost $50 was now selling for $28,000 for a 5-milliliter vial. (Snip) How the price of this drug rose so far, so fast is a story for these troubled times in American health care — a tale of aggressive marketing, questionable medicine and, not least, out-of-control costs. At the center of it is Questcor, which turned the once-obscure Acthar into a hugely profitable wonder drug and itself into one of Wall Street’s highest fliers. At least until recently, that is. Now some doctors, insurance companies and investors are beginning to have doubts about

Comments:
I posted another story a few days ago about a cholesterol drug that some small pharmaceutical company is asking for $200-300K to treat a rare disease. Once again, how can an insurance company, especially when 0bama tries to get US under one, sustain these kind of payments? Are these being produced for Wall Street to bid on?

      


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Reply 1 - Posted by: SteelTurman, 12/30/2012 9:25:54 PM     (No. 9090649)

A snapshot of what is wrong with the health care system.

And it made me sick.



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Reply 2 - Posted by: Texasguy, 12/30/2012 9:41:53 PM     (No. 9090678)

Doctor just gave daughter the last dose of Lasix they have in the hospital. There is a shortage because the price the govt will pay for it through Medicare and Medicaid is less than the cost of production so drug companies are stopping making it. Same goes for some chemo drugs and many others. FDA responded by allowing drugs from china. Of course the nurses are instructed to strain them before use since glass fragments have been found in some.

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Reply 3 - Posted by: GreatGreyhounds, 12/30/2012 9:42:11 PM     (No. 9090679)

But the rules and regulations created by Our Government allow these companies to operate like this.

We can lay the blame directly at the feet of Congress. If they would have stayed out of he medical field entirely, we wouldn´t have the mess we are in now.

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Reply 4 - Posted by: ColonialAmerican1623, 12/30/2012 9:45:04 PM     (No. 9090683)

If it wasn´t for greed we might get ahead.



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Reply 5 - Posted by: Balogreene, 12/30/2012 10:27:53 PM     (No. 9090726)

#2, Lasix? My mom has a prescription for Lasix pills, a super diuretic. Is it the same drug? Hers seems to be readily available. She takes it for congestive heart failure. Mom is insured by Kaiser, who are great here in NOVA, but they don´t pay for expensive drugs, they go with the cheaper alternative if possible.

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Reply 6 - Posted by: bob913, 12/30/2012 10:34:13 PM     (No. 9090730)

This will be the result as it is in England right now.

60,000 patients put on death pathway
without being told

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Reply 7 - Posted by: seamusm, 12/31/2012 3:29:06 AM     (No. 9090866)

Albuterol, the most common rapid acting bronchodilator used to reduce wheezing and shortness of breath in asthma, COPD, and, emphysema used to cost my poor patients as little as $2 per inhaler for the poor who qualified for certain programs in the state of Texas. Then the feds mandated that drug companies had to offer their lowest prices to patients in Medicare and Medicaid. Overnight the prices rose 10 to 20 fold. When the government banned Freon which was the gas propellant which drove all of these inhalers the price rose again. Combivent, another similar asthma/COPD inhaler cost my patients around $50 when it was introduced 16 years ago. Now, long after cheap generic equivalents should be available, the price for a Combivent inhaler is over $250. I have told my local drug rep that I will not prescribe the soon to be released form of Combivent because of these unconscionable prices. Instead, I will actively help my patients get their drugs from overseas. But for my patients who get their meds with public assistance from Medicaid and Medicare I/WE will be paying these obscene prices. Thanks FEDS!

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Reply 8 - Posted by: Trigger2, 12/31/2012 4:53:17 AM     (No. 9090897)

I had two prescriptions filled on 26 Dec. It wasn´t even 2013 yet but the cost of the prescription went up 57%. I figure the Death Bill was causing drug companies or pharmacies to raise their prices to get the same profit margin.

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Reply 9 - Posted by: flowerladytoo, 12/31/2012 6:41:57 AM     (No. 9090940)

Several years ago,our son (who was then a child) was on Interferon for about two years...cost our insurance company about 1k a month for 3x a week shots (we did it ourselves). Steep, but it helped his condition tremendously and kept him out of the hospital. Then, suddenly the home health company could no longer get it. A drug company had bought the patent, and you could now only get it from them. Cost went from $1k a month for 12 vials to over 70k a month. Of course our insurance balked, and he could no longer get that drug. It made his life harder...sounds like the exact thing that happened here. It´s stories like this that show how greedy some of the pharmaceutical companies can be...and give the left ammunition for socialized medicine...sigh.

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Reply 10 - Posted by: flowerladytoo, 12/31/2012 6:44:55 AM     (No. 9090943)

#7 is exactly right. We order our inhalers now from India. $3.50 each and I can get 8 inhalers for the cost of our copay for ONE here in the US. It´s outrageous! They work exactly the same, always have great expiration dates and with three people in our extended family with asthma, it saves them all a bundle!

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Reply 11 - Posted by: Iraengneer, 12/31/2012 5:23:35 PM     (No. 9092032)

MANY examples coming out. Interesting, eh?
And now Dear Wife has to scrounge around for Methotrexate, a chemo drug. Local pharmacies are on allocation, and the amount is insufficient to the need. And this is not something you take unless you absolutely have to.
Sarah Palin was, as usual, right.


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Reply 12 - Posted by: kOok, 12/31/2012 5:44:16 PM     (No. 9092065)

A testosterone replacement therapy went from about $100 a month to $430 in one year for me. I would guess this is happening all over.

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