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Personal Finance

Ever Growing Price of Medications: Reasons Why

It has been reported by the GAO-government accountability office, that prices on drugs doubled between 2000 and 2008. The rise was attributed to industry consolidations and price hikes by third-party providers who repackage drugs. And while generics can lower the prices after branded patents expire, branded manufacturers lose approximately 80% of their market share. It should also be noted, that in the US it takes an average of 12 years for a drug to pass through all the trials as it moves from test tube to patent. And the patent protection starts when the molecule is first registered with the patent office. So once it is released for sale the companies often only have 8 years on average to recover the costs of research and productions of the medication and turn a profit (Dooney & Hunter, 2014).

The Truth About Money and Mental Illness in 3 Minutes

Financial stress

New research is exploring the link between money and mental illness. They are more intricately connected than you could ever begin to imagine as research shows that one out of every five people struggling with a debt burden is under additional strain from a mental health problem, severe illness, or a life event such as the recent bereavement of a loved one. In this article, we will explore the truth about money and mental illness.

How iSelect Helps Australians Choose the Most Affordable Private Health Insurance Policy

Health insurance

A recent survey conducted by the consumer group Choice revealed that over 75% of the Australian population is struggling to afford private health insurance coverage. Steep premiums rank second only to electricity amongst Australians’ cost of living concerns. However, the good news is that iSelect can save Australians money by helping them to choose the most affordable private health insurance policy.

Shopping for insurance is worse than imagined for Medicare recipients

Survey finds few retirees shop for Medicare Advantage plans

An eye opening survey recently found retirees are more prone to spend time finding the best deal for buying groceries than they do choosing health insurance. Shopping for insurance, for some, is worse than you might imagine according to a representative sampling survey of Medicare recipients.

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