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Why Prescription Drugs Cost So Much | Michael Rea | TEDxKC

Оценок: 251 | Просмотров: 23718
Would you be mad if you found out you were paying as much as 2000% more than your neighbor for a prescription? Furious, Michael Rea left his job as a pharmacist eight years ago to pursue a solution to the runaway cost of prescription drugs. Dr. Michael Rea founded Rx Savings Solutions in 2008 after routinely witnessing consumers struggling to pay for their medications. He noticed quickly at that time that consumers were paying much more than they needed to, which was attributable to a lack of information available to them. He set out on his mission to arm consumers with this information and add efficiency and transparency back into the world of pharmacy. Dr. Rea has been involved with research surrounding pharmacy transparency for over 10 years. He received his Doctor of Pharmacy degree from Creighton University. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
Категория: Общество
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Текстовые комментарии (33)
Angie M (21 день назад)
what is the name of the app?
Commando303X (1 месяц назад)
A terrible video: Sentimentalistic statement of a problem, as a prelude to an advertisement.
Joydeep Burman (2 месяца назад)
Your mission is an extremely noble one
Lil Plum (2 месяца назад)
My penicillin was 0.30
Melody Liu (2 месяца назад)
My left ear enjoyed the beeping halfway through the talk.
bhoumik4 (2 месяца назад)
FDA regulations also add a lot to cost of drug production. Therefore, companies are forced to price drugs very highly.
OhSun Kang (3 месяца назад)
Prices for products only drop significantly when the consumer actually deals with them.
ohmusicsweetmusic (4 месяца назад)
Ah TedeX once again refusing to speak against anything always perpetuating the status quo....
Jonie Isenberg (6 месяцев назад)
4wheelerDJ (7 месяцев назад)
How much of the 30% unfilled prescriptions are for mental illness meds??
Larry Wolf (8 месяцев назад)
The simple fact of the matter is, pharmaceutical companies excessively gouge for all their medicines at a ridiculous rate and they buy out the government so it doesn't interfere. We know this for a fact, because when governments *don't* play ball with them and actually fight for their citizens' health, we see a price drop in almost every drug by almost as much as 99% in most cases. Things that cost in the hundreds and thousands in America and Canada? $5.00 in New Zealand and most of Europe. While this guy's service no doubt finds the cheapest drugs around, it doesn't change the fact that almost every single one the drugs he was talking about in this talk is ridiculously overpriced anyways and *WE ARE ALL BEING GOUGED.* People are *DYING* for shareholder profits and our governments are being *BRIBED.*
John Dow (8 месяцев назад)
Comes a point when u say fuckem and do what is best for u if u want to live. If I have to hav it a live ill take it by force if need be.
John Dow (8 месяцев назад)
Smoke some weed is a real pain killer. Proweed
Kenneth G (9 месяцев назад)
He never answered the question!?
Angel S (1 год назад)
All the these politicians and news stations are all owned be Big drug companies. So sad, that not even the current generation don't care enough to change the current situations. They also have cures for diseases that they have but they prefer to give a pill that you need for the rest for your life. Wake of People!!!!!!!!!! or be a victim of there big Parma greed. In Cuba, there drugs a dirt cheap and they are communism!! WTF.
Briggs Hightower (1 год назад)
This really didn't get much at why the costs of drugs were so high? I mean yeah it talked about the different cost variations on the same drug, but it didn't go in depth into why they are priced that way to begin with.
Margo Lockweeze (4 месяца назад)
Pharmaceutical Broker Management. Is your Answer.
Ethan_Witek (6 месяцев назад)
Capitalism and greed is why, basically they increase the price because they can and they know that you have to buy it.
Inflation for drugs and people choose to continue living unhealthy and eating junk food
Jonie Isenberg (1 год назад)
You can thank the Pharmaceutical Benefit Managers for for these prices. Their profits have increased 1001% since 1987. They started out helping people, then realized they could get rich without doing anything at all. Just dom't pass along the discounts to the pharmacy and the customer. They keep the discounts and rebates and make their annual multi-million dollar salaries easier to achieve. Ask any Congressman.
MARTY ZAWORSKI (3 месяца назад)
Follow the money who make the drugs. Big Pharma is to blame! How much has the Big Pharma increased? Everyone that says its all the PBM's fault is speaking for Big Pharma bottom line.
LordTimCahill (1 год назад)
homeboy had a good talk until he mentioned how he crusaded to help a mother put her kid on speed (adhd meds).
Ian G. (1 год назад)
He didn't say which drug was prescribed. There are non-amphetamine alternatives used. Also, if the drug works and is used as directed, wouldn't it be unethical to not prescribe a known solution to a child who may end up failing to get into college or graduate high school because he can't pay attention? I understand the USA is the leading prescriber of ADHD drugs to children, and that IS a problem. There are a majority of cases where the child is just being a child and needs some discipline, but instead are given drugs to fix the problem. But, for the children that truly need medication to focus (and that part is important), any and all medications should be considered to treat them IMO.
MyLittleHecarim (1 год назад)
i see me
M.C Mole (1 год назад)
only 6000 views?
Amanda Walker (1 год назад)
Insulin has gone from $60 a bottle to $325 in the U.S...
Shafeek Khan (1 год назад)
moivaanmoi Daraprim is sold in developing world for 5 cents. Only if I could start a company that could sell it in Here for that price 15cents, but the government won't let me.
moivaanmoi (1 год назад)
Daraprim gone from $13.50 to $750
onlythewise1 (1 год назад)
Obama failed you all ,  and the people are failing themselves , people need to work togather your all smart enough for that
Arygua (1 год назад)
It was both. I'm not one of those people who believe the government is out to get people but it's not there to take care of everyone either. In this case the FDA needs to step up and do whats right for the people. The companies would make more money anyways if more people could afford the drug. It's like if you sell a car for a million dollars yeah a few people will buy it but if you sell a car for 20k$ a massive amount of people will buy it. Where he was talking about combining the two creams made me think about all the other things that are cheaper to build yourself. I have built my computer and if I had bought it premade instead of buying the parts separately it would have cost me nearly three times as much as it did.
Alex Jack (1 год назад)
Obama didnt fail them, congress failed them because congress doesn't care about people, only their shares in companies they can change the laws for.
onlythewise1 (1 год назад)
evil= greed
Jnaejnae Gaming (2 года назад)
1st like? Its sad such an important talk is so little viewed.

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