Is the new Novo Nordisk “improved” insulin worth a 60-70% price hike? The market says ‘no.’

Posted on Leave a commentPosted in Part D Precription Drug, Prescription Drug Plan

My clients regularly ask why brand name medications are so expensive. This great article by WSJ reporter Denise Roland helps explain the game. “In traditional marketing, a product line extension is the use of an established brand name for a new item with new flavors, forms, colors, added ingredients, package sizes.” Novo Nordisk repackaged its […]

“What’s The Donut Hole?”

Posted on Leave a commentPosted in Part D Precription Drug, Prescription Drug Plan

On January 1, 2006, the US federal government introduced a program to subsidize the costs of prescription drugs and prescription drug insurance premiums for Medicare beneficiaries.  You must enroll in a Part C (Medicare Advantage with Drug) or Part D (Stand Alone Prescription Drug) plan to participate in this federal-government-subsidized drug program. Here’s a summary on how […]