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Bad Medicine - A GUIDE TO THE REAL COSTS AND CONSEQUENC OF THE NEW HEALTH CARE LAW

Medicine prices are also compared with the daily wage of the lowest-paid unskilled government worker in order to derive a measure of treatment affordability. Affordability is calculated as the number of days’ wages required to purchase selected courses of treatment for common acute and chronic conditions. Comparisons are possible across sectors, product types (e.g. originator brand versus generic) and regions within a country. Finally, data on medicines prices are broken down into components to show the cumulative mark-up applied to the base price of a medicine (e.g. manufacturer’s selling price), as well as the relative contribution of various add-on costs. | .XxV.- too 0 Suttee NEWLY UPDATE REVISED FOR 20 1 TANNER UENCES NEWLY UPDATED REVISED FOR 2011 BAD MEDICINE A GUIDE TO THE REAL COSTS AND CONSEQUENCES ŨEĨHE NEW HEALTH CARE LAW MICHAEL D. TANNER CARD INSTITUTE Copyright 2011 by the Cato Institute. All rights reserved. Cover design by Jon Meyers. Printed in the United States of America. Cato Institute 1000 Massachusetts Ave. N.W. Washington D.C. 20001 .