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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsExclusive: Drugmakers to raise prices on at least 350 drugs in U.S. in January
NEW YORK, Dec 30 (Reuters) - Drugmakers including Pfizer Inc (PFE.N), GlaxoSmithKline PLC (GSK.L), Bristol Myers Squibb (BMY.N), AstraZeneca PLC (AZN.L) and Sanofi SA (SASY.PA) plan to raise prices in the United States on more than 350 unique drugs in early January, according to data analyzed by healthcare research firm 3 Axis Advisors.
The increases are expected to come as the pharmaceutical industry prepares for the Biden Administration's Inflation Reduction Act (IRA), which allows the government's Medicare health program to negotiate prices directly for some drugs starting in 2026. The industry is also contending with inflation and supply chain constraints that have led to higher manufacturing costs.
The increases are on list prices, which do not include rebates to pharmacy benefit managers and other discounts.
In 2022, drugmakers raised prices on more than 1,400 drugs according to data published by 46brooklyn, a drug pricing non-profit that is related to 3 Axis. That is the most increases since 2015.
The median drug price increase was 4.9% last year, while the average increase was 6.4%, according to 46brooklyn. Both figures are lower than inflation rates in the United States.
https://www.reuters.com/business/healthcare-pharmaceuticals/drugmakers-raise-prices-least-350-drugs-us-january-2022-12-30/
samplegirl
(11,479 posts)highs!
EYESORE 9001
(25,939 posts)Could the results possibly be any worse by pursuing the status quo?
Turbineguy
(37,337 posts)kacekwl
(7,017 posts)in light of this pay raise for shareholders. If they are going to rape me why make me also wait and wait for my medication to become available. I'm told doctors are prescribing diabetes drugs for weight loss hence the shortages.
Rebl2
(13,516 posts)found all of a sudden the last couple months a prescription eye drop I take has dropped in price. Its always been in the $131 or 2 range. Now all of a sudden its $128 and this is with insurance coverage. Dont know why it has dropped, but I will take it.