Doctors Marking Up Medications Prompts New Laws in Some States

Seniors on Medicare know that medications can be the most expensive portion of their healthcare.  At the same time, the little pills their doctor prescribes are many times allowing the senior to extend their life and live a more enjoyable life.  This may be why it is shocking news that doctors are marking up the medications they dispense in their office to make more money.

Doctors prescribing and selling medications also presents a conflict of interest.  The New York Times reports Florida, California and Oklahoma lawmakers are tackling regulation of this issue.  The doctors profit some from the overcharging but it seems Automated HealthCare, a leader in physician dispensing, is behind the practice and partly owned by Abry Partners, a private equity firm which has contribued more than $3.3 million in political contributions. 

The heartburn drug Zantac has been sold by doctors for as much as $3.25 instead of the normal 35 cents.

Seniors should question their medical doctor if he is prescribing a medication and also selling it in the doctor's office.

 

 

Comments (1) -

  • Roland

    7/12/2012 6:56:35 PM | Reply

    Seniors are generally set on a fixed income which is usually minimal. This is bad news for most seniors especially those who rely on many prescription meds on a daily basis. I am in the http://www.dependone.com">personal medical alert system industry and we try to get medicare to pay for some senior medical safety devices because we realize that a lot of seniors are on small fixed incomes. Good point that you stated at the end of the post that "seniors should question their medical doctor if he is prescribing a medication and also selling it in the doctor's office." It is a very good idea and hopefully will catch on. Thanks for the informative & relevant post!

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