Prices for pretty much everything are on the rise at the moment. But there's one critical product where prices continue to rise well above inflation: medication.
Prescription drug prices increased twice the inflation rate of US economy in 2020, AARP report finds Taylor Avery, USA TODAY
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In 2012, Lynn Scarfuto was diagnosed with chronic lymphocytic leukemia. After surgeries and rounds of chemotherapy, her oncologist prescribed the oral medication Imbruvica, a drug that costs more than $14,000 a month.
Scarfuto is on Medicare, but said she still wouldn’t be able to afford the drug without a grant from the Patient Access Network Foundation and New York State’s Elderly Pharmaceutical Insurance Coverage Program. The drug has seen an 82% price increase since its release in 2013, according to a May report from the U.S. House of Representatives’ Committee on Oversight and Reform.
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