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Author :
Release : 2010
Genre : Drugs
Kind : eBook
Book Rating : 53X/5 ( reviews)
Book Synopsis Pay-for-Delay: How Drug Company Pay-Offs Cost Consumers Billions by :
Download or read book Pay-for-Delay: How Drug Company Pay-Offs Cost Consumers Billions written by . This book was released on 2010. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Competition P. Subcommittee on Antitrust
Release : 2015-06-17
Genre :
Kind : eBook
Book Rating : 494/5 ( reviews)
Book Synopsis Pay-For-Delay Deals by : Competition P. Subcommittee on Antitrust
Download or read book Pay-For-Delay Deals written by Competition P. Subcommittee on Antitrust. This book was released on 2015-06-17. Available in PDF, EPUB and Kindle. Book excerpt: In 2012, analysts estimate that Americans spent $325 billion on prescription drugs and they predict that drug sales will rise by more than four percent in the year 2014. Generic drugs, which can cost as much as 90 percent lower than brand-name drugs, help rein in the costs. A brand-name drug that costs $300 per month might be sold as a generic for as little as $30 per month, but for several years, pay-for-delay deals have robbed consumers of cost-saving generic drugs. At the very core, these deals involve collusion between brand and generic competitors to keep generic competition off the market. A brand-name drug company pays their generic competitor cash or another form of payment. In exchange, the generic delays its entry into the marketplace. The brand company wins because it gets to maintain its monopoly, and the generic company wins because they get paid more than they would have if they came to market. But American consumers and American taxpayers lose out on lower-cost generic drugs to the tune of billions of dollars each year, $3.5 billion according to the Federal Trade Commission.
Author : Jay M. Feinman
Release : 2010-03-18
Genre : Business & Economics
Kind : eBook
Book Rating : 289/5 ( reviews)
Book Synopsis Delay, Deny, Defend by : Jay M. Feinman
Download or read book Delay, Deny, Defend written by Jay M. Feinman. This book was released on 2010-03-18. Available in PDF, EPUB and Kindle. Book excerpt: An expose of insurance injustice and a plan for consumers and lawmakers to fight it Over the last two decades, insurance has become less of a safety net and more of a spider's web: sticky and complicated, designed to ensnare as much as to aid. Insurance companies now often try to delay payment of justified claims, deny payment altogether, and defend these actions by forcing claimants to enter litigation. Jay M. Feinman, a legal scholar and insurance expert, explains how these trends developed, how the government ought to fix the system, and what the rest of us can do to protect ourselves. He shows that the denial of valid claims is not occasional or accidental or the fault of a few bad employees. It's the result of an increasing and systematic focus on maximizing profits by major companies such as Allstate and State Farm. Citing dozens of stories of victims who were unfairly denied payment, Feinman explains how people can be more cautious when shopping for policies and what to do when pursuing a disputed claim. He also lays out a plan for the legal reforms needed to prevent future abuses. This exposé will help drive the discussion of this increasingly hot- button issue.
Author : Christina M. Curtin
Release : 2011
Genre : Drugs
Kind : eBook
Book Rating : 711/5 ( reviews)
Book Synopsis Generic Drugs by : Christina M. Curtin
Download or read book Generic Drugs written by Christina M. Curtin. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt: Brand-name pharmaceutical companies can delay generic competition that lowers prices by agreeing to pay a generic competitor to hold its competing product off the market for a certain period of time. These so-called "pay-for-delay" agreements have arisen as part of patent litigation settlement agreements between brand-name and generic pharmaceutical companies. "Pay-for-delay" agreements are "win-win" for the companies: brand name pharmaceutical prices stay high, and the brand and generic share the benefits of the brand's monopoly profits. Consumers lose, however: they miss out on generic prices that can be as much as 90 percent less than brand prices. For example, brand-name medication that costs $300 per month, might be sold as a generic for as little as $30 per month. This book examines the "pay-for-delay' program and how drug company pay-offs cost consumers billions.
Author : United States. Congress. House. Committee on the Judiciary. Subcommittee on Courts and Competition Policy
Release : 2010
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Pay to Delay by : United States. Congress. House. Committee on the Judiciary. Subcommittee on Courts and Competition Policy
Download or read book Pay to Delay written by United States. Congress. House. Committee on the Judiciary. Subcommittee on Courts and Competition Policy. This book was released on 2010. Available in PDF, EPUB and Kindle. Book excerpt:
