Wednesday, January 11, 2012

Prescription Drug Shortages

Mish highlights prescription drug shortages in Greece. Even aspirin is hard to come by.
For patients and pharmacists in financially stricken Greece, even finding aspirin has turned into a headache.
The 12,000 pharmacies that dot almost every street corner in Greek cities are the damaged capillaries of a complex system for getting treatment to patients. The Panhellenic Association of Pharmacists reports shortages of almost half the country’s 500 most-used medicines. Even when drugs are available, pharmacists often must foot the bill up front, or patients simply do without.
As a reminder to people who may have forgotten, the US is also experiencing shortages of vital drugs, at least partly due to idiotic government policies.
The head of one of the largest US generic drugs companies has warned that intensifying regulatory inspections are causing record numbers of medicine shortages that threaten patients’ lives.

1 comment:

Yet Another Wargaming Blogger said...

From the way it was explained to me by an entrepreneur from Greece, Greece has no concept of net/30. He was saying that people either pay you whenever they seem to get around to it or demand cash in advance of delivery.