Insurance Companies and Prescription Drugs

Learn why some drugs cost more than others why does my insurance companies want me to buy mail order drugs. Stay Smart Stay Healthy

Stay Smart Stay Healthy was created by Ed Batchelor at Humana Inc. as a new-media venture designed to deliver guidance, and to support awareness and understanding of the healthcare industry.

His goal was simple: to educate consumers on the healthcare system by removing the usual complexities and replacing them with an informative and engaging series of videos.

Category:

Education

Tags:

• Prescription
• Drugs
• Mail
• Order
• Preferred
• Drug
• Non
• Insurance
• Companies
• Stay
• Smart
• Healthy
• Humana
• Exercise
• Ed Batchelor
• Edward
• Batchelor

[Dvon5000]

I love how in these videos huge corporate profit margins are always excused as necessary for recouping the weighty, burdensome costs of R&D, production, and advertising.

If they were being spent on R&D, they wouldn't be called PROFITS. Profits are what's left AFTER you factor in the expenses.

This video explains HOW different drugs vary wildly in price. But it doesn't tell you why.

Any guesses?

[Friedmunkey]

These videos are propaganda for private health care... Making sure things stay the same in the US.

I feel bad that not all Americans have health care and I hope they can eventually have the guts to take on the big insurance companies.

Until then, they'll be getting their health education from a truly bias source.

[TheDetroitJack]

Boy! I wish the information in this video were true but unfortunately it is not. On the surface it is true but when you dig deeper you find that there is much much more room for improvement. It does not address the fact that the same drug manufactured by the same company in the same plant can have differences of cost at the wholesale level as much as 10,000% depending upon the country of distribution and as much as 4,000% within the United States alone. Is this their dirty little secret?

[WBAMB83392]

Monopoly. We grant companies monopoly rights in the form of patents in exchange for public benefit. Often, they will take an old drug, modify it in a trivial way, and repatent it with a new name. For instance the 30 year old Depacon minus a sodium ion became Depakote and Prilosec cut in half became Nexium.

[3089280288]

You mean net profits right?

[chichika123]

im tired of the drug companies they just treat us like string puppets, taking our money

[aweiss]

Hmmm.... they pioneer futuristic medicines and for this risk they expect to lose money because they shouldn't take a profit. Wow... Greed to make a drug that people want will make them work hard to pioneer new drugs taht you don't have to buy but are there when you are hurt or sick.

[aweiss]

They vary for the exact reasons he said. name brand drugs often are advertised so they cost more. Some drugs are very specialized for just a few cases. Becasue there isn't much of a market they spent a lot developing a drug for a few people, it will cost more.

Some times a drug is still under paptent so there are no generic alternatives, meaning they have a monopoly and researched the drug they will charge more. The market place allows companies to charge more when they research more.

[wwwYAWEZcom]

Wonderful video

[tarossi400]

The only thing this commercial is missing is Billy Mays.

[Brawn]

do you have any idea how long forever is