An Atlanta pharmacist suspects that the recent rise in costs of prescription medication may be due indirectly to the Affordable Care Act but not in the way some might think. Pharmacist Ira Katz suspects drug or insurance companies are increasing prices now, before the Affordable Care Act starts in March 2014 and they aren't able to increase prices.
In recent interview WSB-TV interview, Katz disclosed his suspicions. The official story was that raw ingredient shortages were causing the rise in prices. For example: Medication that was $10 is now several hundred dollars. He also reported that some doctors were not even aware of the problem. Hopefully other pharmacists will be as diligent and request other more affordable medication.
Additionally according to a recent report in Georgia Health News, curiously Fran Beall, a nurse practitioner in Athens, GA was told that a drug she had prescribed for a patient had jumped from $5 to $157. Beall reported that this particular drug (doxycycline) “just a year ago to was even free at the local Public pharmacy.” The reason given to Beall was scarce raw materials. But according to Georgia Health News, not all manufacturers could provide reasons for the shortage the American Society of Health System Pharmacist (ASHP) reported.
Whether lack of raw materials or shenanigans by pharmaceutical and insurance companies, it is time to wake up and be attentive. If medication costs continue skyrocket, ask your medical professional for an alternative lower priced prescription.