Drugmakers Raise Prices Ahead of Health Care Reform
“Big pharma raising drug prices in the fastest rate in years. Interesting timing, coming ahead of supposed healthcare reform. The New York Times reports that prices have increased by 9 percent over the past year. By one analysis this is the highest annual rate of inflation for drug prices since the year 1992.” (CNBC)
Drugmakers say they support Washington’s efforts to reform the health care system by touting a deal with the White House to reduce the nation’s drug bill by $80 billion over the next 10 years. But this year’s price increases would effectively cancel out the savings from at least the first year of the Senate Finance agreement, according to The New York Times. Media sources have been debating the reasons for this pricey contradiction.
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