• Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Ukraine is Close to Defeat

February 3, 2023

Ukraine Accused of Slaughtering, Harvesting Children’s Organs, Disposing of Dismembered Children ‘Like Discarded Waste’, Russian Soldier Says

February 2, 2023

Situation Update, Feb 1, 2023 – It’s TOO LATE for NATO to Win the War Against Russia

February 2, 2023
Facebook Twitter Instagram
Trending
  • Ukraine is Close to Defeat
  • Ukraine Accused of Slaughtering, Harvesting Children’s Organs, Disposing of Dismembered Children ‘Like Discarded Waste’, Russian Soldier Says
  • Situation Update, Feb 1, 2023 – It’s TOO LATE for NATO to Win the War Against Russia
  • ‘Disneyland’ for Investors is Over, Nassim Taleb Warns
  • European Neo-Nazis & Far-rights are Aiding their Ukrainian Counterparts
  • We Must Condemn the Lies of the West About Russia — Grandson of Charles de Gaulle
  • RUSSIA Releases Message for American Soldiers
  • Warning Issued for Petrodollar
Friday, February 3
Facebook Twitter Instagram
RT NewsRT News
  • Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video
RT NewsRT News
Home » Under Trump He Made Big Pharma Drug Prices to Be Slashed- But Now Under Their Puppet Biden They Have Increased Them 1000 Times This Year Alone – Research
State Of Affairs

Under Trump He Made Big Pharma Drug Prices to Be Slashed- But Now Under Their Puppet Biden They Have Increased Them 1000 Times This Year Alone – Research

adminBy adminJuly 21, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn WhatsApp Pinterest Email

Under Trump He Made Big Pharma Drug Prices to Be Slashed- But Now Under Their Puppet Biden They Have Increased Them 1000 Times This Year Alone – Research

Sky-high drug prices are forcing US patients to ration their medication.

The US pharmaceutical industry has raised drug prices some 1,186 times this year, according to Patients for Affordable Drugs, an advocacy group seeking to rein in the sky-high cost of prescription drugs. The group published their analysis on Wednesday.

Despite record profits, pharmaceutical companies jacked up the prices on 133 products between June 24 and July 5 alone, the group found, noting that the median price increase for 2022 was 5%. In July alone, 64 drug companies hiked their prices, according to Patients for Affordable Drugs.

Companies like Pfizer, who have made unprecedented profits on their Covid-19 vaccine, have nevertheless continued increasing their prices on other drugs. Pfizer’s leukemia medicine, Besponsa, for example, has seen four price hikes since the pandemic began and now retails at $21,056 for a single vial.

Another company, Amgen, has upped its price for autoimmune disease drug Enbrel so much and so often since acquiring the rights to the drug in 2002 that it outstripped even the record-beating US inflation rate. Between that acquisition and 2020, the company increased the drug’s price 27 times until it cost $5,554.96 per month – an increase of 457% over its initial cost. Two more price hikes took place this year, despite a 2020 investigation into Amgen’s pricing habits by the House Committee on Oversight and Reform, in which the drug company’s practices were roundly condemned.

Noting that Americans are still struggling to make ends meet in the aftermath of the Covid-19 depression, Patients for Affordable Drugs founder David Mitchell said the industry was continuing “to raise drug prices with no regard for the health and financial well-being of Americans.” He pointed out that there was widespread support for capping the cost of prescription drugs across the political spectrum and questioned why nothing had been done.

While Senate Democrats advanced a bill earlier this month that would require Medicare to negotiate prices with pharmaceutical companies, critics have pointed out that the legislation only applied to those enrolled in the government’s Medicare program. Given that just 18.4% of Americans were on Medicare as of 2020, that leaves the lion’s share of drug consumers without any means of decreasing their own prescription costs.

The bill could also risk inspiring drug companies to price their new products even higher, given that it does not require companies to negotiate prices until the drug has existed for at least seven years. Nearly half of new brand-name prescription drugs launch with a yearly price tag of $150,000 or more, according to an article published last month in the Journal of the American Medical Association. The paper’s writers also noted that newly-launched prescription drugs cost 20% more year over year from 2008 until 2021.

The US has the highest-priced healthcare in the world despite yielding worse health outcomes than any other developed nation. The life expectancy of Americans is lower than all of their industrialized peers, even as their doctors are better-paid than doctors in other developed countries.


Original Source: https://www.rt.com/news/559348-big-pharma-drug-prices-skyrocketing/

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
admin
  • Website

Related Posts

Ukraine is Close to Defeat

February 3, 2023

Ukraine Accused of Slaughtering, Harvesting Children’s Organs, Disposing of Dismembered Children ‘Like Discarded Waste’, Russian Soldier Says

February 2, 2023

Situation Update, Feb 1, 2023 – It’s TOO LATE for NATO to Win the War Against Russia

February 2, 2023

European Neo-Nazis & Far-rights are Aiding their Ukrainian Counterparts

February 2, 2023

We Must Condemn the Lies of the West About Russia — Grandson of Charles de Gaulle

February 1, 2023

RUSSIA Releases Message for American Soldiers

February 1, 2023
Add A Comment

Leave A Reply Cancel Reply

Don't Miss

Ukraine is Close to Defeat

By adminFebruary 3, 2023

Ukraine is Close to Defeat By DPR_MFA American Colonel Douglas Macgregor, who is a former…

Ukraine Accused of Slaughtering, Harvesting Children’s Organs, Disposing of Dismembered Children ‘Like Discarded Waste’, Russian Soldier Says

February 2, 2023

Situation Update, Feb 1, 2023 – It’s TOO LATE for NATO to Win the War Against Russia

February 2, 2023

‘Disneyland’ for Investors is Over, Nassim Taleb Warns

February 2, 2023
Our Picks

Ukraine is Close to Defeat

February 3, 2023

Ukraine Accused of Slaughtering, Harvesting Children’s Organs, Disposing of Dismembered Children ‘Like Discarded Waste’, Russian Soldier Says

February 2, 2023

Situation Update, Feb 1, 2023 – It’s TOO LATE for NATO to Win the War Against Russia

February 2, 2023

‘Disneyland’ for Investors is Over, Nassim Taleb Warns

February 2, 2023

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the lifestyle news. This demo is crafted specifically to exhibit the use of the theme as a lifestyle site. Visit our main page for more demos.

We're accepting new partnerships right now.

Email Us: info@example.com
Contact: +1-320-0123-451

Our Picks

Nuclear Family: How Ukraine Helped North Korea Develop the World’s Deadliest Weapons

July 2, 2022

Russia Announces $14.5bn Domestic Airline Boost

June 30, 2022

Ukrainian Mayor Blames Shopping Mall Management For Deaths

June 30, 2022

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Instagram
  • Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video
© 2023 Russia-Ukraine.

Type above and press Enter to search. Press Esc to cancel.