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Pharma Companies Increase Cost of 500 Drugs as COVID-19 Pandemic Rages
Pharma Companies Increase Cost of 500 Drugs as COVID-19 Pandemic Rages Julia Metraux © The Mighty Illustrations of medication What happened: U.S. drug manufacturers increased the price of more than 500 drugs at the start of 2021, according to Reuters. Reuters reported that health care research firm 46brooklyn said its “analysis of Medicaid data shows the average cost per branded drug is still ticking up” despite the fact drug price increases have slowed substantially since 2015. Nearly all drug price increases were less than 10% and the median increase is 4.7%. 46brooklyn also launched a new dashboard to track drug price increases. It s the start of a new year, which means that drug manufacturers are raising prices again.
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