Wednesday, May 22 2013 3:39 PM EDT2013-05-22 19:39:55 GMT
Jodi Arias (Source: CBS 5 News)
It is now in the hands of the 12 jurors to decide if Jodi Arias will live her life behind bars or if she'll be executed. The defense and prosecution gave their closing statement Tuesday afternoon andMore >>
The jury in the Jodi Arias trial has told the judge they can't reach an unanimous decision. The judge then gave the jury some suggestions on how to proceed and sent them back to deliberate.More >>
Anthony Weiner's run for a renaissance is officially on.More >>
In running for mayor, Anthony Weiner is seeking to get past the tawdry-tweeter punch line that has dogged him since his congressional career imploded two years ago. And while he's facing an uphill sprint, his campaign...More >>
Wednesday, May 22 2013 3:16 PM EDT2013-05-22 19:16:56 GMT
(RNN) - British officials are saying one man is dead and two others were injured in a possible terrorist attack in London on Wednesday.According to BBC News, eyewitnesses said man was attacked in a streetMore >>
British officials are saying one man is dead and two others were injured in a possible terrorist attack in London on Wednesday.More >>
A judge in Italy has ordered the captain of the Costa Concordia to stand trial in the shipwreck of the cruise liner, which struck a reef off Tuscany last year, killing 32 people.More >>
An Italian judge has ordered the captain of the Costa Concordia cruise ship to stand trial for manslaughter in the vessel's shipwreck off the coast of Tuscany, which killed 32 people.More >>
DECATUR, AL (WAFF) -
If those pills you're buying at your local drug store are brand name prescription drugs, you will pay more. According to Express Scripts, brand name meds increased more than 13 percent in the last year.
Pharmacist Sam Costello said it's par for the course.
"It's not a new trend. It's been going on for probably 30 years," said Costello.
But there was a time, according to Costello, when even new drugs were low in costs.
"In the 70's when we started getting into a lot of inflation, President Carter, at the time, came out and said, 'I don't want any drug company in the United States raising prices over 10 percent.'"
He said that was the first time, since he'd been in the business, that all drug companies raised their prices by 10 percent.
"It's almost like they've been given a blanket permission to raise it no more than 10 percent, and it's continued every year since then," Costello said.
There's also an irony to this story: The cost of generic drugs is plummeting. For example, Lipitor costs the drug store about $470 while the generic costs the drug store about $20.
Costello said there is a basic business principal at work here.
"Competition as a rule lowers prices. So if you've got five or six generic companies producing the same drug and they're trying to get their drugs into pharmacies, then they may have to lower the price to get it on the shelf," he said.
Why the increase?
"You have to remember that a drug company to produce a new drug has to have a huge staff of research scientists that are trying to develop it, and after spending millions and millions of dollars, there's never a guarantee that drug is going to get approved," said Costello.
Even if it's approved, it could take a decade or more before it hits the shelf - an inflation fact patients are learning to live with.