How to Buy DRUGS: The Finances of the Pharmaceutical Industry with Hitha Palepu

Networth and Chill with Your Rich BFF

Vivian Tu

News, Business, Careers, Business News, Entrepreneurship

4.4 • 1.6K Ratings

🗓️ 22 November 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's episode of Networth and Chill, I'm joined by author and CEO of Rhoshan Pharmaceuticals, Hitha Palepu to talk drug prices and the pharmaceutical industry. Drug prices are a hot topic these days, and it seems like the cost of life saving medications like insulin and chemo drugs just keep going up. There is a high likelihood that most people will need to rely on some form of medication in their lifetime, the hefty cost of a perscription drugs can be a hard pill to swallow (pun absolutely intended!) Hitha and I sit down to discuss pharma 101, talk through drug pricing, and what we can do to pay less.

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Transcript

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0:00.0	What's up rich friends? Welcome back to another episode of Networth and Chill with me your host Vivian Vivian 2, aka Your Rich BFF and your favorite Wall Street
0:15.2	Curly. And today I'm going to teach you how to buy drugs. And now that I have your attention, I want you to delete the visual of us at a rave taking
0:27.5	random pills from your head.
0:29.2	I mean real drugs, like pharmaceutical prescription drugs for long-term conditions, illnesses, and health concerns.
0:36.1	And maybe you're Uber-healthy and don't need any medication, but most people do.
0:41.5	In fact, in a recent 2023 civic science poll we found that the
0:46.2	number of US adults who report taking at least one prescription medication
0:51.4	per day is now 70%.
0:54.0	Over two-thirds of the population.
0:55.6	And if you do use prescription medication,
0:57.6	I'm sure you've had a similar experience
0:59.3	to the one I had a week ago.
1:01.2	You show up to your local drugstore, you tell the pharmacist what you're trying to pick up, and the 30 seconds it takes them to ring up your item and tell you the price is the longest 30 seconds of your life. Why? Because it seems like the drugs we need to stay
1:15.3	healthy keep getting more expensive and I literally have stress about whether or not I
1:20.3	should pay for the drugs and actually take them or if I should just
1:23.4	skip on the cost. Whether it's insulin antibiotics for a cough that just won't go
1:27.3	away or even acne medication you don't have to be a doctor to know that drug
1:30.8	pricing is one of the most contentious topics out there.
1:33.7	How much should something that could improve your health or maybe even literally save your life
1:38.0	cost?
1:39.0	To help answer this big question, give us a pharma 101, talk through drug pricing, and what we can do to pay less.
1:45.0	I've invited an expert and personal friend.
	...

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