CMS: Prescription drug prices will rise 6.3% per year for a decade
Prescription drug costs are expected to see the fastest annual growth among health care expenditures over the next decade, the Centers for Medicare and Medicaid Services (CMS) predicts, rising an average of 6.3% a year due to higher drug prices and more use of specialty drugs such as those for genetic disorders and cancer.
Vox: American health care prices are out of control
Americans use the doctor less than people in other countries. We still pay more for health care.
The United States is routinely the most expensive place to buy medical care, whether that’s a Humira pen or a knee replacement or an MRI scan.
NBC: No end in sight to rising drug prices, study finds
Researchers say bold bipartisan action is needed to stem the rising cost of popular prescription drugs that treat cancer, diabetes and other conditions.
CBS: Drug prices in 2019 are surging, with hikes at 5 times inflation
More than 3,400 drugs have boosted their prices in the first six months of 2019, an increase of 17% in the number of drug hikes from a year earlier.
The average price hike is 10.5%, or 5 times the rate of inflation.
The drug hikes come at a time when lawmakers and the Trump administration have vowed to address the problem of rising prescription costs.