Wall Street Apes on Nostr: 🚨 To Elon Musk and the DOGE team looking at Medicare: Pharmacist says - Cancer ...
🚨 To Elon Musk and the DOGE team looking at Medicare:
Pharmacist says
- Cancer Medicine Imatinib costs them $7 to buy. They add $10, so you're out the door for $17
- When Medicare pays for this drug, IT COSTS THEM $2,400
- This drug was filled 250,000 times in 1 year costing Medicare $600 million
“If every one of those scripts was filled at our pharmacy instead of through Medicare, it would've cost $4 million. That means that we are $596 million cheaper than the insurance. That's crazy.”
“So why are they paying this much for that medication? Well, insurance companies pay a middleman, the pharmacy benefits manager, and that person decides how much that medication's gonna cost”
- 3 Pharmacy Benefits Managers control over 90% of all prescription pricing in America
- Pharmaceutical companies bought all 3 Pharmacy Benefits Managers
They set their own pricing, Medicare pays ASTRONOMICAL prices and taxpayers pick up the bill. This is a racket.
Pharmacist says
- Cancer Medicine Imatinib costs them $7 to buy. They add $10, so you're out the door for $17
- When Medicare pays for this drug, IT COSTS THEM $2,400
- This drug was filled 250,000 times in 1 year costing Medicare $600 million
“If every one of those scripts was filled at our pharmacy instead of through Medicare, it would've cost $4 million. That means that we are $596 million cheaper than the insurance. That's crazy.”
“So why are they paying this much for that medication? Well, insurance companies pay a middleman, the pharmacy benefits manager, and that person decides how much that medication's gonna cost”
- 3 Pharmacy Benefits Managers control over 90% of all prescription pricing in America
- Pharmaceutical companies bought all 3 Pharmacy Benefits Managers
They set their own pricing, Medicare pays ASTRONOMICAL prices and taxpayers pick up the bill. This is a racket.