• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Galen Institute

  • Home
  • About Us
    • Mission and History
    • Grace-Marie Turner bio
    • Who was Galen?
  • Activities
    • Core Activities
    • Commentary and Oped Tutorial
    • Our Book
    • Galen Guides
  • Contact Us
  • Major Papers
  • Broadcast Interviews
  • Health Policy Consensus Group

Letter to the Editor of The Boston Globe

POSTED BY Galen Institute on December 5, 2007.

December 5, 2007

Dear Sir/Madam:

Globe reporter Bruce Mohl provides an important service to readers in his Dec. 2 article,  “High prescription prices ailing you? Shop around” by explaining that discount generics can help even those who have drug coverage.

By offering generic drugs for $4 or less, Wal-Mart and other retailers show that competition works.  Congress didn’t pass legislation to impose price controls on the drug market or require the federal government to negotiate prices.  The plummeting prices have absolutely nothing to do with politicians, bureaucrats, legislation or regulation and everything to do with private-sector competition.

These low prices benefit all consumers, especially those without health insurance.  But consumers with health insurance can benefit in another way:  The full cost of the lower-priced generics may be less than the co-payment consumers would pay if they ran the bills through their health insurance.  By keeping this cost off the health insurance books, insurance costs can begin to moderate, saving money for employers, consumers, and the health system in the long run. Smart shopping pays. 

#####

Grace-Marie Turner is president of the Galen Institute, a non-profit research organization in Alexandria, VA, that specialized in consumer-centered health reform.

 

Filed Under: Uncategorized

Letter to the Editor of The Boston Globe

POSTED BY Galen Institute on December 5, 2007.

December 5, 2007

Dear Sir/Madam:

Globe reporter Bruce Mohl provides an important service to readers in his Dec. 2 article,  “High prescription prices ailing you? Shop around” by explaining that discount generics can help even those who have drug coverage.

By offering generic drugs for $4 or less, Wal-Mart and other retailers show that competition works.  Congress didn’t pass legislation to impose price controls on the drug market or require the federal government to negotiate prices.  The plummeting prices have absolutely nothing to do with politicians, bureaucrats, legislation or regulation and everything to do with private-sector competition.

These low prices benefit all consumers, especially those without health insurance.  But consumers with health insurance can benefit in another way:  The full cost of the lower-priced generics may be less than the co-payment consumers would pay if they ran the bills through their health insurance.  By keeping this cost off the health insurance books, insurance costs can begin to moderate, saving money for employers, consumers, and the health system in the long run. Smart shopping pays. 

#####

Grace-Marie Turner is president of the Galen Institute, a non-profit research organization in Alexandria, VA, that specialized in consumer-centered health reform.

 

Filed Under: Uncategorized

Primary Sidebar

Our Annual Report

Health Care Choices 20/20:

A Vision for the Future

SEARCH

Categories

  • Brian Blase
  • Consumer-Directed Care
  • Doug Badger
  • Grace-Marie Turner
  • Health Insurance
  • Health Policy Consensus Group
  • Health Savings Accounts
  • Innovation
  • Medicaid
  • Medicare
  • Newsletter
  • ObamaCare
  • Prescription Drugs
  • Published
    • Forbes
    • Fox Business
    • Health Affairs
    • LA Times
    • National Review
    • New York Post
    • RealClearHealth
    • Sun Sentinel
    • The Daily Signal
    • The Heritage Foundation
    • The Hill
    • The New York Times
    • The Wall Street Journal
    • The Washington Times
  • Reform Initiatives
  • State Issues
  • Uncategorized

LATEST NEWSLETTER ISSUES

SUBSCRIBE

Social Media

Like Us On Facebook

Twitter: @galeninstitute

 

Copyright Galen Institute at Donors. © 2023; · Log in