But visiting a chiropractor on a regular basis to keep the body finely tuned, healthy and pain free is looking better than ever thanks to another sad reality of our times: the fact that prescription drug prices are going through the roof.
You probably noticed the intense media and public scrutiny brought on Mylan, the makers of EpiPen, when they boosted the price of one of their pens astronomically, just in time for the new school year. But Mylan has been criticized for charging prohibitive prices just because they could, as well as price fixing along with competitors, before. In 2007, the price of one EpiPen was only $94, but that rose to $608 this year, an increase of 547% according to data from Truven Health Analytics.
But Mylan isn’t alone in this prescription price gouging.
In fact, prescription drugs now account for about 17% of all personal healthcare expenditures according to the federal Health and Human Services Department – up from only 7% in the 1990s.
Take the case of ursodiol, manufactured by Lannett Co. Two years ago, one capsule of ursodiol was wholesaling for 45 cents. But in May 2014, Lannett Co. inexpicably and without warning raised the price to $5.10 per capsule.
That was just a start for Lannett Co, who reports their profits rose by 907% between June 2014 and June 2015, brining in an additional $58.7 million to sales. The sharp and unwarranted increase in prices brought in 39% of its net sales of $406.8 million that year.
Mylan and Lannett Co. certainly aren’t alone.
Of course, apologist will note that the drug companies can charge whatever they want, as consumers have the choice not to buy or to go to competitors. But we all know that’s not necessarily the case when it comes to our tangled healthcare and prescription drug system, and countless millions of lives are on the line.
Here are some of the top selling and most popular prescription medications in the U.S., and how much they’ve gone up in price recently.
Percent increase from December 2014 to January 2016, according to Bloomberg:
And these prescription drugs that have skyrocketed in cost in the last few years:
Amitriptyline Hydrochlorine +2,487%
Enlapril Maleate +1,461%
Of course these are just examples, and some incremental price increases may be justified. Likewise, some patients really need traditional medicine with prescription drugs, hospitalization and surgery.
But the point is that the chiropractic is even more cost effective and a better alternative than ever. As a DC you should use this information to actively educate the public about the amazing benefits of chiropractic care!