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Medical Debt Is On the Rise

Due to one of the worst recessions since the Great Depression, hundreds of thousands of Californians lost their jobs, along with the health plans that came with those jobs, according to a new report from the UCLA Center for Health Policy Research.

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e-MagineArt.com, Flickr
e-MagineArt.com, Flickr
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Could Expiring Drug Patents Mean You’ll Save a Fortune?

An unprecedented wave of drug patent expirations in the next year will usher in generics that will dramatically reduce the prices of some of world’s best-selling medications, including cholesterol drug Lipitor and blood thinner Plavix. Other drugs used to treat conditions such as asthma, diabetes, HIV and depression will also be affected.

“My estimation is at least 15 percent of the population is currently using one of the drugs whose patents will expire in 2011 or 2012,” says Joel Owerbach, chief pharmacy officer for Excellus Blue Cross Blue Shield, which serves most of upstate New York.

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