Big Pharma Celebrates the New Year With Price Hikes on More Than 1000 Drugs

Big Pharma is raising prices on more than 1000 prescription drugs. The average price increase will be around 6.3%, although some drugs will increase much more.

Some of the biggest price increases came from pain medications. One pain treatment medication rose by 133%, other pain medications rose from 10% to 20%.

Drug makers typically increase prices on drugs at the beginning of the year, although some companies may be delaying the announcement of price increases this year to see how Trump and the new Congress responds to announced increases.

 

 

Photo: “rosy glasses,crimson pills” by psyberartist is licensed under CC BY 2.0

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