Rise in Prescription Drug Prices Outpaces Overall Index for Producersdoi:10.1016/S0160-3450(16)32459-XAmerican Pharmacy
Prescription drug prices are skyrocketingin the United States due in large part to government regulations, a new analysis finds. These regulations allow drug manufacturers to chargemonopolistic pricesthat aren’t opposed by competing market forces, the researchers believe. ...
Prices increased on more than 250 drugs in the beginning of the year, with an average jump of 6.3 percent, according to data from Rx Saving Solutions, a consultant to health plans and employers. That's down from the 400 drugs that saw price jumps last year, but prescription drugs still ...
In 2024, prescription drug spending remained the fastest-growing cost for employers, rising 7.2 percent from 8.6 percent in 2023. Among employer concerns are expensive gene and cellular therapies, Umland said. Such therapies can cost $1 million or more. “These drugs are at cost levels that ...
Pharmaceutical heists in the U.S. have quadrupled since 2006, a coalition of industry andlaw enforcementestimates. And experts say the reasons include spotty security and high drug prices that can make such thefts extremely lucrative. While some stolenpillswind up overseas, others show up on pharm...
Learn how the rise in insulin prices is leaving some diabetics with unethical decisions between their medications and other necessities. Find out more!
Experts blame a multitude of factors for the increases. Managed care squeezed out all the possible savings and now must rise with the competition. Prescription drug and hospital costs are soaring. Technological advances keep new procedures—at higher costs—in the forefront. Mandated coverage from fe...
As wepreviously discussed, under the 340B drug discount program, manufacturers participating in Medicaid agree to provide outpatient drugs at deeply discounted 340B ceiling prices to certain healthcare organizations. And according to the Health Resources and Services Administration (HRSA), the organizatio...
Vaughan said "Medicare expects seniors to lock into a drug plan for 12 months, but it doesn't require the drug plan to lock in their prices for that same time. How is that logical? Consumers should try to get a lower-cost plan that has decent quality indicators. Unfortunately, the ...
The Amazoning of America has certainly shown that consumers love the convenience of shopping from home. Getting a diagnoses, prescription, and delivery online is becoming accepted for many drug categories. Drug companies see the potential and expect major growth in this channel. ...