Clinton Criticizes Skyrocketing Pharmaceutical Costs

Oct 21, 2015

Hillary Clinton has made reducing out-of-pocket drug costs and stopping pharmaceutical industry abuse a staple of her campaign presidency.  A new ad is rolling through New Hampshire and Iowa that has Clinton criticizing the dramatic increase in the drug Daraprim. The ad launched right after the drug’s producer was purchased by a hedge fund manager who raised the price from $13.50 to $750 a pill. Clinton calls the price hike outrageous and pledges to curb the out-of-pocket costs that have caused many Americans to avoid seeking treatment, stop taking important medications, or going broke to pay for medications. The end of the ad features a commentator who says the hedge fund manager may be reducing the price of Daraprim after the scathing ad ran.

Drastic increases in drug costs like the one featured in Hillary Clinton’s ad have many individuals in the United States and Canada turning to online pharmaceutical companies. Consumers are turning to online pharmacies who sell drugs at much cheaper rates than brick and mortar pharmacies. American and Canadian based online pharmacies not only give consumers access to much cheaper drugs and can deliver them, in some cases, faster and with less hassle. Online pharmacists have a much larger clientele served from one location with only a fragment of the operating costs that large pharmacy chains have.

Utilizing online pharmacies is a legitimate choice when the pharmacies are reputable. But the danger of online pharmacies is that many are foreign and not monitored by the FDA. As a result, there are quite a number of online pharmacies that are not legitimate. Some of these pharmacies give consumers fake drugs or mislabeled bottles.

If you are an online pharmacy merchant, now is a good time to open your pharmacy merchant account. eMerchantBroker.com is the number one pharmacy merchant account provider in the nation. EMB provides check processing services for online pharmacies to keep profits flowing. This is a convenient way for pharmacy merchants to utilize check-based payments that deposit funds more quickly to merchant accounts. Our account managers are the most experienced in providing check processing services and other services for online pharmacies. Start your application today.

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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