"Many companies’ increases are relatively modest this year, amid growing public and political pressure on the industry over prices. Yet a few are particularly high, including on some generics, the cheaper alternative to branded accounting for nine out of 10 prescriptions filled in the U.S. Overall, price increases, including recently restored price increases from Pfizer Inc., continue to exceed inflation.
More than three dozen drugmakers raised the prices on hundreds of medicines in the U.S. on Tuesday, according to an analysis from Rx Savings Solutions, which sells software to help employers and health plans choose the least-expensive medicines. The average increase was 6.3%, according to the analysis, including increases on different doses for the same drug."
So, what happens to average American Joe if year after year prices on “items” exceed inflation. Where do they wake up and find themselves 50 years later?
Wait a minute! President Trump promised he was going to spank big pharma and make drugs MORE affordable for all Americans?
“I am working on a new system where there will be competition in the Drug Industry. Pricing for the American people will come way down!” ~ Donald Trump March 7, 2017
I sometimes wonder if I’ve run my company incorrectly for 30 years. I bet had I made all employees sign NDAs and just lied to everybody constantly I’d have been able to buy 50 yachts by now.
The price of health care has exceeded the inflation rate for years… Because we use to much insurance. We want others to pay for us. What solutions are dems offering.
Plenty of articles written on what the Democrats in the House will try to do on healthcare. I suggest reading a newspaper once in awhile would be informative for you.
The hidden hand of free market capitalism will fix everything. If people would stop being lazy and sucking at the teat of the government, they could stop being lazy come up with competitor medicines that would drive down prices. Duh!!