High School Football Scoreboard

Brand-name drug prices rising at slower pace, lower amounts

TRENTON, N.J. (AP) — Drug companies are still raising prices for brand-name prescription medicines, just not as often or by as much as they used to.

That’s according to an Associated Press analysis of drug prices provided by health information firm Elsevier.

After years of frequent list price hikes, many drugmakers are showing some restraint.

In the first seven months of 2019, drugmakers raised list prices for brand-name prescription medicines by a median of 5%, down from about 9% or 10% over those months the prior four years.

The AP also found that from January through July this year, the number of price hikes was down 36% from that stretch in 2015. Still, there were 37 price hikes for every decrease in the first seven months of 2019.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.