America's Health Insurance Plans: Big Pharma Kicks Off 2021 With Hundreds of Drug Price Hikes
The new year is less than 2 weeks old and Big Pharma has already increased prices for at least 582 brand-name drugs, according to recent data from
Nobody--aside from pharmaceutical companies-benefits from out-of-control drug prices, and that is why health insurance providers work hard on behalf of patients and consumers to negotiate lower prices. But when pharmaceutical companies keep raising their prices year after year - even multiple times a year - negotiations can only do so much good.
"Americans are being hurt by out-of-control drug prices, which are set and fully controlled by Big Pharma alone. The incoming Biden-Harris administration should focus on bipartisan, workable solutions to protect patients, taxpayers, and all Americans from higher drug prices, especially in the midst of the ongoing COVID-19 crisis," AHIP President and CEO
The price hikes continue a long-standing pattern for Big Pharma. Pharmaceutical companies raised prices for 639 drugs in
Recent research has shown that a majority of drug price increases are not supported by new clinical evidence. The
Click here (https://www.ahip.org/new-year-brings-more-price-hikes-from-big-pharma/) to read AHIP's blog post on the drug price increases.
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