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Physicians profiting off of repackaged meds

Physicians profiting off of repackaged meds

We all know that medical doctors are in fantasyland when they wear their white coats always hoping they would somehow sprout a halo or radiate some transcendental effulgence to make the process complete.

Unfortunately, we also know that when they come out of medical school, where Big Pharma funds their curriculum, they are entrenched in a cut-it-out or a take-a-pill mentality. Never ever do they get schooled in actual healing because that would eliminate repeat customers for the pimp. It is the take-a-pill mentality that this article deals with.

In Hawaii, the workers’ compensation and auto insurance carriers are seeing a huge number of cases with excessive markups for repackaged drugs dispensed by MDs, sometimes at rates double or triple what the identical medications cost if obtained through pharmacies. There is no solution to this unless Hawaii’s corrupt GMO Legislators pass a bill outlawing this practice. If our legislators are getting a kickback from the doctors, like they are from Monsanto, that ain’t never gonna happen.

The problem is that Hawaii physicians have long had the ability to dispense their own drugs. Unfortunately, the excessive markups of those repackaged drugs provide, if you will pardon the expression, a service.

Supposedly, physicians’ practices have taken a turn downward and the excessive charges for meds helps keep them in business. If those high cost charges were monitored, some say it would cripple their businesses and they would stop seeing work comp and auto insurance patients altogether.

The backlash would hurt many of the insured workers who would not be able to afford the out-of pocket charges if they fill their prescriptions at a pharmacy. With the doctors they pay nothing because their visits and treatments are fully covered by insurance.

Here’s how it works: doctors who dispense drugs typically purchase those drugs from repackagers, who buy in bulk and sell smaller repackaged quantities to the doctors. Because the repackagers do not have the buying power that the large national pharmacy chains have, they cannot get as good a discount as the chain. This explains why the physician-dispensed meds are higher than the identical pharmacy-issued ones.

This is then compounded by the fact that Hawaii law limits reimbursements for prescription meds to a national average wholesale price as listed in industry publications plus a 40% markup, which, by the way, is the largest in the nation.

The loophole arises when repackagers make bulk purchases and are able to repackage the drugs for sale to physicians and assign a new wholesale price.

The bottom line is that the poor insurance companies do not like to have to pay out more because that has an adverse effect on their executives’ year-end bonuses.

For a minute now, let’s follow the pill: there are two scenarios –

1- The pimp makes the drug. The repackager buys the drugs in bulk and repackages them in smaller containers. The repackager sells them to the doctor who fills prescriptions in his office and dispenses the drugs to the consumer at a higher price than the pharmacy.

2- The pimp makes the drug and sells them to the wholesale distributor who is usually the pimp’s largest hooker who can negotiate larger discounts based upon volume. This hooker then sells the drugs to the national pharmacy chains, which get discounts and rebates based on volume or market share. The drugs are then dispensed to the consumer at a price lower than the doctor’s.

What we have is a system built, maintained and furthered on sickness. Nowhere does anyone in the system think of healing. It is always about treating a symptom for life. If the reverse was to happen and healing was the ultimate goal, think of all the businesses that would suffer.

To effect true healing, we have to assume responsibility for our health. If we know that certain things in foods like saturated fat, GMOs, high-fructose-corn-syrup, aspartame, food colorings, chemicals and pesticides, nutrient-depleted milk products, etc., are bad for us, stop eating them.

For some change is hard. For others it’s easy. But in the end if one can live without medications and monthly visits to the doctor, it’s all worth it.

Aloha!

Sources:
www.sedgwick.com
www.center4research.org
www.thehealthyhomeeconomist.com
www.collective-evolution.com

The post Physicians profiting off of repackaged meds appeared first on NaturalNewsBlogs.

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