Many pharmaceutical companies have been rapidly increasing prices of their drugs. In only one month of 2021, more drug prices have been increased than in the entire previous year. COVID-19 vaccine developer Pfizer has already increased the prices of nearly 200 drugs in January—a big increase from last year. Although price hikes do typically occur each year in January, unjustified price increases are facing more scrutiny.
According to chief medical officer Dr. David Rind of the Institute for Clinical and Economic Review, “Several of these treatments have been on the market for many years, with scant evidence that they are any more effective than we understood them to be years ago when they cost far less.” Learn more here.
(Source: Darrel Rowland, The Columbus Dispatch 1/17/2021)