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Sep 15, 2023 · Retail prescription drug out-of-pocket spending per capita remained the same from 2019 to 2020 and then slightly increased in 2021 ($147 per capita in 2019, $147 in 2020, and $151 in 2021). Per capita out-of-pocket spending on hospital services increased slightly from 2020 to 2021 as well ($98 per capita in 2020 and $103 per capita in 2021).
Mar 29, 2021 · GAO's analysis of 2020 data found that, for 20 selected brand-name prescription drugs, estimated U.S. prices paid at the retail level by consumers and other payers (such as insurers) were more than two to four times higher than prices in three selected comparison countries.
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- Prescription Drug Costs Outpaced by Car Rental, Moving, Tobacco, and Beef Costs
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- Roller Coaster Gas Prices Still Lag Prescription Drug Prices
- Summing It All Up
- Methodology
Since the start of the pandemic, prescription medication costs have increased 1.8%. Typically, drug costs go up every January and July. This January, 810 drugsincreased in price by an average of 5.1%. But this increase is mild compared to the jump in price of other goods since the pandemic. The price of car rentals, beef, tobacco, and moving expens...
As drug prices continue to rise, wages aren’t keeping pace. Overall hourly earnings have increased 31% since 2014 compared to an increase of 35% for prescription drugs. But wages have increased at a faster rate in recent years. Wages increased at the start of the pandemic but started heading back down in May 2020. By August 2020, though, wages bega...
Gas prices have only increased 2.6% since 2014. But it feels like they have gone through the roof this year. That’s because gas prices have shot up 43% since the start of the pandemic. Clearly motor fuel is a volatile price and is affected by many global events, shortages, and disruptions. In comparison, drug prices have been climbing at a relative...
The cost of some goods and services went up faster than medication prices last year. But drug prices have still increased 1.8% since the start of the pandemic, and many Americans still struggle to afford their medications. High drug prices have crippling effects on both patients and the healthcare system as a whole. Close to 40%of Americans struggl...
For this analysis, GoodRx Research compared price change data from the Bureau of Labor Statistics' Consumer Price Index (CPI) to the GoodRx Drug List Price Index. While a medication’s list price isn’t usually the price that consumers pay at the pharmacy counter, it is the official price set by the drug manufacturers and can have long-lasting effect...
Apr 29, 2020 · Willem Roper , Apr 29, 2020. A new survey shows a vast majority of Americans believe prescription drug prices have increased since 2017, which could point to both rising healthcare costs...
GAO’s analysis of 2020 data found that, for 20 selected brand-name prescription drugs, estimated U.S. prices paid at the retail level by consumers and other payers (such as insurers) were more than two to four times higher than prices in three selected comparison countries.
Jun 7, 2020 · In 2020, retail prices for 260 widely used brand name prescription drugs increased more than twice as fast as general inflation, rising 2.9% compared to an inflation rate of 1.3%, according to a new report from AARP’s Public Policy Institute (PPI).
Jan 2, 2020 · Bristol-Myers Squibb, Gilead Sciences, Biogen and other drugmakers increased list prices on 50 drugs once 2020 began, according to healthcare research firm 3 Axis Advisors. The price hikes are...
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