Trump promised to bring down prescriptions drug costs. Instead, he gave massive tax breaks to pharmaceutical companies and did nothing to actually lower costs. Now, pharmaceutical companies are once again raising drug prices.
Wall Street Journal: Drugmakers Raise Prices on Hundreds of Medicines, By Jared S. Hopkins
Pharmaceutical companies are ringing in the new year by raising the price of hundreds of drugs, with Allergan AGN 0.65% PLC setting the pace with increases of nearly 10% on more than two dozen products, according to a new analysis.
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More than three dozen drugmakers raised the prices on hundreds of medicines in the U.S. on Tuesday, according to an analysis from Rx Savings Solutions, which sells software to help employers and health plans choose the least-expensive medicines. The average increase was 6.3%, according to the analysis, including increases on different doses for the same drug.
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