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Big Pharma Ushers in New Year With Price Hikes on Hundreds of Drugs

posted by takyon on Thursday January 03 2019, @06:22PM   Printer-friendly
from the same-old-new-year dept.

MrPlow writes:

Submitted via IRC for SoyCow1984

Source: Big Pharma ushers in new year with price hikes on hundreds of drugs

More than three dozen drug companies welcomed the new year with sweeping price hikes on hundreds of medicines, according to a new analysis from Rx Savings Solutions, which was first reported by The Wall Street Journal.

The drugs that saw list-price increases on January 1 ranged from generics and blood-pressure drugs to brand-name prescriptions such as the dry-eye treatment Restasis. The average price jump blew past inflation at 6.5 percent, with some medicines seeing double-digit increases—bucking many drug companies' vows to keep such periodic hikes under 10 percent.

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  • (Score: 4, Insightful) by Azuma Hazuki on Friday January 04 2019, @08:18AM

    by Azuma Hazuki (5086) on Friday January 04 2019, @08:18AM (#781967) Journal

    Greed. This is not difficult: when a good or service has extremely inelastic demand, the suppliers can charge basically whatever the fuck they want, because it is literally "your money or your life."

    --
    I am "that girl" your mother warned you about...
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