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It s official: Americans have now seen more brand-name prescription drug price increases this month than for any January in the previous decade.
The record was set Wednesday the same day Joe Biden was sworn in as president according to data compiled by nonprofit drug research firm 46brooklyn, run by Ohioans Eric Pachman and Antonio Ciaccia.
The Dispatch reported earlier this month that 2021 was likely headed for a record-breaking start.
January typically is when pharmaceutical companies set new list prices for the year, although some make mid-year changes as well. Because U.S. drug pricing is so complicated, these increases may not translate to corresponding hikes in what you or your insurance pays.