May AARP Bulletin: An Investigative Report on Why Prescription Drugs Cost So Much
Plus, The Grandparent Boom, Don't Eat This if You're Taking That; Behavioral Economics: How We are Nudged into Doing the Right Thing; When to Get Disability Insurance; Why It's Important to Have a Will; and More
WASHINGTON, DC — President Trump said recently that drug companies are "getting away with murder." But the truth is the high prices drug companies charge for prescription medicine in America are not only perfectly legal, but generate profits that make them among the most successful businesses in the world. In this month's issue, AARP Bulletin offers a comprehensive investigative report on why drugs cost what they do. "Why Our Drugs Cost So Much!" details how the complicated business of medicine actually works, examines the drug-price debate in Washington, and provides advice on how to save money at the pharmacy. It also lays out the best ways to rein in drug costs for all Americans, and what the industry as well as regulators is beginning to do to address this critical health issue.
AARP CEO Jo Ann Jenkins then lays out AARP's clear position on the issue, and addresses how drug prices fit in to the larger issue of safe, affordable health care in America for all people over 50. In the past 10 years, the average cost for a year's supply of chronic illness medication has more than doubled to $11,000. In her column, "Let's Cut Drug Costs," Jenkins stands by AARP's long history of advocating for lower prescription drug prices, declaring that it's a priority to work with the Trump administration and Congress to continue that fight.
Other stories in the May issue:
The Grandparent Boom
It's official: the baby boom has now become the grandparent boom! With 70 million grandparents in the U.S., there are more nanas and pop pops spoiling their families than ever before. The same boomers who famously doted on their children now have their sights set on the next generation. This month's issue reveals the lavish amount grandparents have spent on their grandchildren alone in the past year.
Don't Eat This if You're Taking That
Did you know that the foods you eat and the medications you take could be working against each other? The truth is that harmful interactions aren't limited to competing drugs you ingest; anything you put in your body can potentially alter a medication's effectiveness or cause other problems. In this month's issue, Madelyn Fernstrom, a nutrition and diet expert featured on NBC's "Today," and her husband, John Fernstrom, an award-winning neuroscientist and pharmacologist, serve up some important dietary guidance from their new AARP book, Don't Eat This if You're Taking That.
How We are Nudged into Doing the Right Thing by Behavioral Science
You may not realize it, but the world of business and finance is becoming masterful at coercing you to do the right thing. Banks, companies and even the government are increasingly using behavioral science to get you to make better financial decisions. AARP Bulletin reveals the ins and outs of behavioral economics, one of the most successful ways to encourage consumers to save for retirement, make investment decisions easier and manage cash smarter.
When to Get Disability Insurance
Most Americans rate their chances of suffering from a disability during their working lives at about one in 50 or more. However, the reality is that one in eight will become disabled for five or more years during their career, with people age 50 or older accounting for 59 percent of disability claims. AARP Bulletin shares the five steps to determining if you've got the protection you need through your employer, or if it's best to buy your own policy independently.