An
overview on Medicare, pharmaceutical drugs and other socialized
medicine trends in America
•
1n 2006, approximately 36 million in the United States were
over the age of 65. By the year 2011, the first tier of baby
boomers will become eligible for Medicare. In 2030, the number
of Medicare eligible Americans will double to 71 million.
•
The home to 40 percent of the online pharmacies is Manitoba,
Canada. Manitoba’s Internet drugstores provide significantly
more prescribed medications to Americans then the province’s
entire population (over one million).
•
Over the course of the last ten years, prescription drugs have
escalated on average by more than 8 percent.
•
Prescribed medications have exceeded inflation in the United
States.
•
The rate of inflation has been roughly 2.5 percent, while the
cost of medications has grown by 8.3 percent.
•
More than 90 percent of all American senior citizen require
and take prescription medications on a regular basis.
•
In 2006, the prescription manufacturing sector was ranked the
third most profitable marketplace in America. The industry has
a healthy 16 percent profit margin. (Mining and crude-oil production
top the list of the most profitable industries. Commercial banks
rank number two in prosperity).
•
Over the last decade, the volume of prescriptions jumped 68
percent in the United States. In 1994, 2.1 billion prescribed
drugs were purchased. In the 2004, the number of purchases made
rose to 3.5 billion. (American population grew by 12 percent.
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