Many docs give in when patients want brand drugs

NEW YORK (Reuters Health) – Doctors often cave in to patients’ requests for brand-name prescription drugs even when generic versions are available, a new study suggests – a tendency that adds billions in costs for patients and the health system. “This is, by definition, a wasteful expense,” said the report’s lead author, Eric Campbell, from Harvard Medical School in Boston. “Doctors have the professional responsibility not to waste scarce medical resources,” he told Reuters Health. “We have to educate doctors and patients about how wasteful this practice is.” The U.S. …

China to cut prices of more than 400 drugs from February

HONG KONG (Reuters) – China will cut prices of about 400 drugs for respiratory diseases, fever and pain by up to 20 percent from February, in a move to make medicines, including some products from Pfizer, GlaxoSmithKline and Novartis, more affordable. It will be the fourth such price cut since 2011 and is part of reforms since the early 2000s to make healthcare cheaper and more accessible. China’s National Development and Reform Commission (NDRC) said in a statement on Tuesday the latest round of price cuts involved 20 broad classes of medicines and would include specialty drugs. …

Singapore ups ante for casino firms with new rules, bigger fines

Fireworks explode over Marina Bay in front of the Marina Bay Sands casino and resort during a pyrotechnic show to welcome the new year in SingaporeSINGAPORE (Reuters) – In any casino, the odds favor the house. Using its house edge, Singapore is seeking to maximize economic profits and minimize social costs with tighter rules and tougher fines for two casino operators, along with new steps to curb problem gambling. The wealthy and regimented city-state has enjoyed a windfall of tourism, jobs and revenue since Las Vegas Sands Corp and Genting Singapore Plc opened casino complexes in 2010, in part by linking their licenses to how well they develop attractions that are not related to gambling. …

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