Topic: Doxycycline Co Execs Charged For Price Increases
Tincup
Honored Contributor (10K+ posts)
Member # 5829
posted
As many know, the price of Doxycycline sky-rocketed over the last year or two.
Two of the execs of the companies responsible for raising the price of Doxy and another drug have charges against them brought on by the Justice Department.
When I noticed the huge Doxy price increases back in 2014, I researched the problem and shared this information.
Doxy had suddenly jumped in price from about $25.00 to $45.00 per month to $1,555.40 per month in the USA- IF you could get it at all.
One Month of Doxycycline (150 mg. tab, 2 x day)
Doxy from India- $.31 per pill $18.60 per month
Doxy from Canada- $.58 per pill $34.80 per month
Doxy in the USA- $18.59 per pill $1,155.40 per month
Article about DOJ’s charges against Executives responsible for price gouging is linked below. Scroll down to see the UPDATE.
posted
First, every person associated with this loses their pension - every cent, every stock.
Second, they will continue to work for the company at minimum wage and be put on Medicaid until they reach the age for Medicare - and that is the only health insurance they are allowed to have.
-------------------- I still have a good time wherever I go! Posts: 138 | From Lost Wages | Registered: Oct 2016
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posted
TrekCoord, I like that idea!
Posts: 845 | From Eastern USA | Registered: Jul 2006
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Rumigirl
Frequent Contributor (1K+ posts)
Member # 15091
posted
It's about time they are going after these guys (and gals)!! It's criminal what they've been doing.
I have been concerned about the quality issue for years. Most of the meds are made in India and China, so who knows about the quality?! Neither country is exactly known for quality standards! That's another horrific situation.
One of my doctor's, who has been a well-known professor her whole life says that generics are allowed to be 30% under or over the amount of the primary ingredient (I think that's the right numbers), so that can be a huge spread. Plus, of course, the inactive ingredients can be different, which affects how the drug is metabolized.
She said that she sees a lot of side-effects with generics. But who can afford brand-name drugs, especially when insurance either refuses to give them to you, and charges you a lot, if they do? It's all so messed up.
Posts: 3771 | From around | Registered: Mar 2008
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