The REAL reason we are running out of vital drugs and it has nothing to do with Brexit: How greedy pharmaceutical wholesalers are stockpiling medicines to drive up pricesSome lifesaving drugs have seen their price increase by as much as 7,000%
Drugs such as migraine pills to hormone replacement therapies are running out
Experts believe wholesalers are creating artificial shortages to increase pricesBut over the past 18 months, thousands of NHS patients have been hit by some of the worst drug shortages ever recorded in the UK – affecting everything from migraine pills to hormone-replacement therapy.
Inevitably, Britain’s impending exit from the EU has attracted much of the blame. Increased border checks will, some people predict, interrupt the flow of medicines from Europe. But is Brexit the real reason for the current squeeze on medicines?
According to drug industry insiders and healthcare experts, this is far from the truth. In fact, something far more sinister is at play. An exclusive investigation by The Mail on Sunday has uncovered reports suggesting that drug wholesalers have been deliberately withholding stock. Why? A deeply cynical bid to drive up prices, forcing NHS-funded pharmacies to fork out hundreds of millions while patients face months on end without potentially lifesaving pills.
A senior source at one drug company, who chose to remain anonymous, said: ‘It is not uncommon for wholesalers to withhold supplies of medicines until the NHS agrees to pay a higher price for it. Then they suddenly have unlimited supplies. Pharmacists often complain about it.’ With £17 billion worth of medicines already needed to keep Britain healthy, how can the NHS afford the extra cash?
Increases cost the NHS an extra £315MWhen a pharmacy buys medicines from a wholesaler, it is reimbursed by the Government through a system called the Drug Tariff. This sets out exactly how much pharmacists can claim for drugs they have supplied to patients.
If a wholesaler demands more than this amount, the pharmacy can apply for more money. Until the summer of 2017, the average number of monthly requests for extra cash was about 150. By the end of that year, it was close to 3,000 requests a month for nearly 100 different drugs.
As a result, the number of concessions granted by the Government more than trebled.
The NAO said the increase was unprecedented and cost the Health Service an extra £315 million in 2017-18, leaving many local health authorities in the red.
In its report, the NAO said: ‘The margin between wholesalers’ buying and selling prices unexpectedly increased. The Department of Health and Social Care could not fully explain the reasons for the increase in wholesalers’ margins and the NHS will not be able to get back this expenditure.’ It also noted that the increases in prices were drastically greater than those charged by the manufacturer to the wholesaler. And it warned that ‘manipulation of pricing’ and ‘collusion’ between the 2,000 drug suppliers could not be ruled out.
https://www.dailymail.co.uk/health/arti ... tages.htmlWho would have thought that those nice corporate drug dealers would manipulate things to benefit themselves?
Not sure how the corporate cheer leaders (remainers) will react but probably some name calling and diversion...