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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.
(Score: 4, Interesting) by VLM on Friday January 03 2020, @12:19PM
I'm glad that works for you, but you two are talking about orthogonal issues.
Lets say we all agree that vitamin C cures scurvy. Given that scurvy seems to be the disease of not having enough vit C that seems pretty likely.
Now we can argue all day about how vit C is a scam because it doesn't cure broken legs, or how marketing aspirin as a treatment for scurvy is not a scam. But none of that has anything to do with the core issues of what scurvy is or what vit C can actually treat.
Note that aspirin is not the worst idea for scurvy anyway. It won't fix the problem, but it'll sweep it under the rug via pain killing anti-inflamatory effect. There seems to be a common problem among non-scientific non-medical people of not being able to tell the difference between something that fixes the symptoms vs fixing the actual cause of the problem. This is an especially big problem for psych drugs, although not entirely all.