Articles & Publications
Why Are Prescription Drug Prices So Insanely High—Even With Insurance?
ARTICLE
- If you've ever emptied your wallet to pay for a handful of pills, you know that drug prices in the United States have soared in recent years. Last year consumers shelled out more than $1,000 per person for prescription meds, up from around $400 in 2000, according to Peterson-Kaiser Health System Tracker. But what’s equally frustrating to patients and health care advocates is that there seems to be no rhyme or reason to who pays what.
CVS Rang Up a Woman's 14-Day Course of Antibiotics for $1,400
ARTICLE
- The wide discrepancies in drug pricing wouldn’t be quite so shocking if the prices hadn’t risen so quickly in the first place. From 2008 to 2016 the average list price for brand-name oral drugs (ones still protected by patents, meaning that less expensive generics can’t be sold) jumped 9% per year—five times as fast as the rate of inflation—while injectables shot up 15% annually, or eight times as fast as the inflation rate, according to a study in Health Affairs.