Thursday, March 30, 2023
  • About Us
  • Contact Us
Parliamentobserver
  • Ecology
  • Economy
  • Healthcare
  • Politics
  • Education
  • Business
  • Login
No Result
View All Result
Parliamentobserver
Home Economy

Antidepressant Prescription Sales Spike

Dennis Rogers by Dennis Rogers
September 29, 2022
in Economy
0
Antidepressant Prescription Sales Spike
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

A SingleCare Team study revealed the majority of the US population takes some form of a prescription pill. The insurance agency found that the number of people reliant on prescriptions significantly rose after the pandemic. In fact, medications for mental health issues are on the rise. The company reported a 70% increase in prescriptions for the antidepressant Lexapro, a 31% increase in Zoloft, a 21% increase in Trazadone, a 20% increase in Prozac, and a 16% increase in Adderall. The agency noted that the American Psychological Association reported an uptick in individuals self-medicating illegally with opioids as well.

Related posts

Biden could reduce inflation, mitigate a recession, and strengthen democracy with a new EU-US trade agreement

Biden could reduce inflation, mitigate a recession, and strengthen democracy with a new EU-US trade agreement

September 29, 2022
Recent trends in global value chains and beyond

Recent trends in global value chains and beyond

September 29, 2022

Currently, around 66% of adults in the US are reliant on Big Pharma. Canada is in a similar situation, albeit with lower prescription costs, with 65% of their adult population on prescription medicine. In contrast, only 26% of adults in the UK and 35% of adults in Australia are reliant on medications.

Why are people in the US and Canada more likely to take prescription medication? One could argue the US population is not as healthy as other nations due to obesity and limited walkable cities, but that does not account for the large disparity. One big reason is marketing – but that does not apply in Canada. Only in the US do you see commercials and billboards promising a pill to cure the woes of life. It is not common practice in other countries for people to ask their doctor for a specific medicine.

This all comes down to business and corporate profits. The average American takes FOUR different pills each day. So over 131 million Americans are reliant on at least one medication. Citizens in the US spend more than any nation on prescription drugs, with the average consumer spending $1,229. Canadians spend around $879.

In addition to the billions Big Pharma made on COVID-related drugs and vaccines, they have also profited from COVID restrictions deteriorating the public’s mental health. In mid-June 2020, when many restrictions began to ease, SingleCare reported a 50% increase in antidepressant medication. The same increase was reported during the third week of March when lockdowns began. “Between the concern over job loss, isolation, and general anxiety, this growing trend in antidepressants over the past few months may well be due to the pandemic’s impact on mental health,” Ramzi Yacoub, Pharm.D., the chief pharmacy officer at SingleCare stated. Insurance and pharmaceutical companies believe the need for prescription drugs will only continue. Thanks to COVID, antidepressants are now the most prescribed medication in the US and the second-most prescribed medication in Canada.

The post Antidepressant Prescription Sales Spike first appeared on Armstrong Economics.

Previous Post

The Refusal to Understand Economics

Next Post

The Useless Class

Next Post
The Useless Class

The Useless Class

RECOMMENDED NEWS

Federal privacy negotiators should accept victory gracefully

Federal privacy negotiators should accept victory gracefully

8 months ago
Can President Biden and the Democrats get out of the hole?

Can President Biden and the Democrats get out of the hole?

1 year ago
How do rapid shifts in body size influence population dynamics?

How do rapid shifts in body size influence population dynamics?

10 months ago
The War on Abortion Drugs will be just as racist and classist

The War on Abortion Drugs will be just as racist and classist

11 months ago

BROWSE BY CATEGORIES

  • Business
  • Ecology
  • Economy
  • Education
  • Healthcare
  • Politics

POPULAR NEWS

  • Klaus Schwab – The Most Dangerous Man in the World

    0 shares
    Share 0 Tweet 0
  • Dr. Robert Malone v WEF

    0 shares
    Share 0 Tweet 0
  • Ukraine Adopts WEF Proposals

    0 shares
    Share 0 Tweet 0
  • Trudeau’s Approval Rating Hits 12-Month Low

    0 shares
    Share 0 Tweet 0
  • Trudeau Backs Down After Banks Scream about Massive Withdrawals

    0 shares
    Share 0 Tweet 0
Parliamentobserver

We bring you latest news about ecology, economy, healthcare, politics, education, business.

Recent News

  • Supporting Ukrainian Economy: #SpendWithUkraine Initiative Launched by Ukrainian Brands
  • Starting Up: A Look at the Most Interesting Websites for Entrepreneurs and Startups
  • The Role of Healthcare Advertising in Shaping Economic and Political Decisions

Category

  • Business
  • Ecology
  • Economy
  • Education
  • Healthcare
  • Politics

Recent News

Supporting Ukrainian Economy: #SpendWithUkraine Initiative Launched by Ukrainian Brands

Supporting Ukrainian Economy: #SpendWithUkraine Initiative Launched by Ukrainian Brands

February 6, 2023
Starting Up: A Look at the Most Interesting Websites for Entrepreneurs and Startups

Starting Up: A Look at the Most Interesting Websites for Entrepreneurs and Startups

January 18, 2023
  • About Us
  • Contact Us

© 2022 parliamentobserver.com Submit news release

No Result
View All Result
  • Ecology
  • Economy
  • Healthcare
  • Politics
  • Education
  • Business

© 2022 parliamentobserver.com Submit news release

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In