Health news
Health news top Health news

   Login  |  Register    
Health News Make AMN Your Home PageDiscussion BoardsAdvanced Search ToolMedical RSS/XML News FeedHealth news
  You are here : Health.am > Health Centers > Drug News -
Price gouging reported for flu vaccine Price gouging reported for flu vaccine

Price gouging reported for flu vaccine

Drug NewsOct 14, 2004

US hospitals are being solicited by secondary pharmaceutical distributors offering flu vaccine at highly inflated prices, according to a new survey of hospital pharmacy directors.

Not only does this hinder hospitals’ ability to provide vaccine to patients who need it the most, it heightens the chances that a counterfeit vaccine may appear on the market, according to a report from the American Society of Health-System Pharmacists (ASHP).

Dr. Kasey K. Thompson, Director of the ASHP Practice Standards and Quality Division, conducted the survey, which was e-mailed to 2561 pharmacy directors on October8. A total of 677 completed the on-line survey.

The results showed that 55 percent of pharmacy directors had been contacted by a vendor offering vaccine.

Fifty percent were offered the vaccine at prices ranging from $300 to $799, and close to 20 percent received price offers of $800 or more. This represents a 4- to 10-fold increase ion the usual price.

As a result, most of the 77 percent of hospitals that do not have enough vaccine to meet current CDC recommendations do not plan to make any further purchases.

“The purported price gouging that is occurring is really sickening in light of a public health crisis like this,” Thompson said in an interview with Reuters Health.

“Our hope is that state attorneys general around the country look carefully at their states’ statutes and go after these secondary distributors who are selling vaccine at 4 to 10 times the market price.”

Thompson added, “It’s environments like these that could be attractive to counterfeiters.” Health care providers should therefore be “very vigilant” and “make sure they know the company they purchase from—whether it’s a secondary wholesaler they’ve worked with in the past and trust or their prime vendor.”

He also advises pharmacy directors to closely inspect vaccines for irregularities in labeling or altered appearance, and to remind patients to contact their health care providers if they experience unexpected side effects, such as fever or pain at the injection site.

Provided by ArmMed Media
Revision date: June 22, 2011
Last revised: by Andrew G. Epstein, M.D.

Price gouging reported for flu vaccine Bookmark this! Price gouging reported for flu vaccine

RELATED STORIES:


 Comments [ + Post Your Own

Now you're in the public comment zone. What follows is not Armenian Medical Network's stuff; it comes from other people and we don't vouch for it. A reminder: By using this Web site you agree to accept our Terms of Service. Click here to read the Rules of Engagement.

There are no comments for this entry yet. [ + Comment here + ]




We are pleased to let readers post comments about an article. Please increase the credibility of your post by including your full name and email.

All comments are reviewed by our editors before they are posted on the site. Just keep it clean, kids.

Name:

Email:

Location:

URL:

Remember my personal information

Notify me of follow-up comments?

Please enter the word you see in the image below:


   [advanced search]   
What health info have you recently searched for online?
Disease or condition
Exercise or fitness
Diet, nutrition or vitamins
None of the above


Get free support - Headache Causes, Symptoms, Diagnosis, and Treatment on HeadacheCare.net


Health Centers







Diabetes

















Health news
  


Health Encyclopedia

Diseases & Conditions

Drugs & Medications

Health Tools

Health Tools



   Health newsletter

  





   Medical Links



   RSS/XML News Feed



   Feedback


Add to Yahoo RSS News Feed



Google Reader




Syndicate


This website is accredited by Health On the Net Foundation. Click to verify. We comply with the HONcode standard for trustworthy health information:
Verify here.




Migraines and Headaches -Treatment & Care