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posted by martyb on Thursday January 02 2020, @11:43AM   Printer-friendly
from the prepare-for-sharply-worded-letters dept.

More drugmakers hike U.S. prices as new year begins:

NEW YORK (Reuters) - Drugmakers including Bristol-Myers Squibb Co (BMY.N), Gilead Sciences Inc (GILD.O), and Biogen Inc (BIIB.O) hiked U.S. list prices on more than 50 drugs on Wednesday, bringing total New Year’s Day drug price increases to more than 250, according to data analyzed by healthcare research firm 3 Axis Advisors.

Reuters reported on Tuesday that drugmakers including Pfizer Inc (PFE.N), GlaxoSmithKline PLC (GSK.L) and Sanofi SA (SASY.PA) were planning to increase prices on more than 200 drugs in the United States on Jan. 1.

Nearly all of the price increases are below 10% and the median price increase is around 5%, according to 3 Axis.

More early year price increases could still be announced.

Soaring U.S. prescription drug prices are expected to again be a central issue in the presidential election. President Donald Trump, who made bringing them down a core pledge of his 2016 campaign, is running for re-election in 2020.

[...] The United States, which leaves drug pricing to market competition, has higher prices than in other countries where governments directly or indirectly control the costs, making it the world’s most lucrative market for manufacturers.


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  • (Score: 2) by barbara hudson on Thursday January 02 2020, @08:12PM (1 child)

    by barbara hudson (6443) <barbara.Jane.hudson@icloud.com> on Thursday January 02 2020, @08:12PM (#938784) Journal
    Psychiatrists still prescribe them. It's going to take the current generation dying off to change practice. Same as we did with lgbt being mentally ill back in 1987, and transsexuality in 2012. The public still hasn't gotten the message, more of them will have to die off as well.
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  • (Score: 2) by RS3 on Thursday January 02 2020, @09:38PM

    by RS3 (6367) on Thursday January 02 2020, @09:38PM (#938823)

    I really hate commenting in minefield discussions like this... but I certainly agree with you. I think the public's attitude is like so many things, they just want things dealt with and to just go away and disappear. The prisons are full of great people who for whatever reason ended up in some kind of compromising situation. It's been proven that given certain situations, people will do things they wouldn't normally do. (Dr. Philip Zimbardo and others showed this.) And I can argue that many of those "offenses" are not bad enough to warrant prison. And we have drug company executives who walk free...

    Ultimately it's all part of survival of the fittest, which is not my philosophy.