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Drugmakers to raise US prices on over 250 medicines starting Jan. 1 (www.reuters.com)

submitted 4 days ago by [email protected] to c/health

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Summary

Drugmakers plan to raise U.S. prices on over 250 branded medicines starting Jan. 1, 2025, including Pfizer's Paxlovid and Bristol Myers Squibb's cancer therapies.

Most hikes are under 10%, with a median increase of 4.5%, consistent with recent years. Companies like Merck are cutting prices on select drugs.

Critics highlight high U.S. drug costs, as new drugs launched in 2023 were priced 35% higher than in 2022.

Pfizer cited inflation and R&D costs for its adjustments, while Bristol Myers defended high prices for transformative cancer treatments. Additional price hikes are expected in January.

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[–] Mickey7 1 points 2 days ago

Their advertising dollars are not ads aimed at the public. They are simply how they influence media sources to never do any news stories that investigate how they are screwing us