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Tuesday, August 16, 2005

AARP: Wholesale Drug Prices Top Inflation

economic death spiral insurance scam : the more insurance there is, the faster drug prices rise ; the faster drug prices rise, the more people need to buy insurance.

the winner is the insurance industry, where premiums always cover costs, but more and more people need to buy insurance.

no doctor can stay in business charging more than people are willing to pay. insurance changes that and produces this economic death spiral as well.

WASHINGTON -- Wholesale prices for the brand-name prescription drugs widely used by older Americans rose at more than twice the rate of inflation during the year that ended March 31, the AARP says.

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