this post was submitted on 01 Jan 2025
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Summary

Over 250 branded drugs in the U.S. will see price increases starting Jan. 1, 2025, with most hikes below 10% and a median increase of 4.5%.

Key companies like Pfizer, Bristol Myers Squibb, and Sanofi are raising prices on treatments for COVID-19, cancer, and vaccines, citing R&D costs and inflation.

Some prices, such as Merck’s diabetes drugs, will be reduced.

Critics highlight that U.S. drug prices remain the highest globally, while manufacturers face pressure to moderate year-over-year price hikes.

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[–] Smashfire 69 points 3 days ago
[–] apfelwoiSchoppen 105 points 3 days ago* (last edited 3 days ago) (1 children)

The line must go up. Doesn't matter that homelessness increased 18% in 2024 in the US. They need that third home and a yacht.

[–] cybervseas 46 points 3 days ago (1 children)

They won't even spend the money. It just builds up.

[–] Landless2029 38 points 3 days ago (2 children)

Its almost like dragons and thier hoards. Just keep piling it up...

But they're not magestic like dragons. Still close... Lizard people? Cold blooded. Predatory. It tracks.

[–] [email protected] 8 points 3 days ago

Somebody did the math already; Bezos alone has more money than is depicted in Smaugs hoard in The Hobbit

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[–] [email protected] 32 points 3 days ago (1 children)

Slight tangent: a drug I’m on for a nervous system condition used to cost me $400 a month copay when I lived in the states. Now it’s €0.37 here in Portugal. Yup. 37 cents.

[–] [email protected] 9 points 3 days ago

I guess they don't have inflation in Portugal.

[–] NocturnalMorning 74 points 3 days ago (1 children)

The U.S. pays more for prescription medicines than any other country

And these people wonder why we hate them

[–] [email protected] 6 points 3 days ago

They don't wonder.

[–] skeezix 58 points 3 days ago (5 children)

How we do it in my country.

[–] MisterFrog 1 points 1 day ago (1 children)

I'm back to complain about Australians looking at Medicare through rose tinted glasses, when it still has a lot left to be desired.

PBS is one of the better parts of Medicare, however, there is very often a gap fee, even for PBS medication, unless you qualify for a health care card. Which is great because we're taking care of people who can't afford it, and the gap fee is still mostly fine, in most cases.

I mean, look at the sign, has an Asterix right there.

However, the rest of Medicare is more and more resembling a two-tiered system where you get to skip the queue if you have the means to pay, and you get a tax break to do so 👍 and of course, can't forget our luxury bones which still aren't covered.

Please do not vote for the LNP, I beg you.

Medicare is not that great compared to what we could afford as one of the richest countries per capita in the world. Only in comparison to the shitshow in the US.

[–] skeezix 1 points 1 day ago (1 children)

The sign is not in Australia.

[–] MisterFrog 1 points 1 day ago

Whoops, assumed because of the Woolworths logo 👍

Don't mind me 😅

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[–] EmpatheticTeddyBear 49 points 3 days ago (1 children)

That's a bold move. We should get confirmation that the CEOs are aware of this. We should also get confirmation that they signed off on this. And a photo op with said people too, you know, for prosperity...

[–] humorlessrepost 14 points 3 days ago
[–] return2ozma 19 points 3 days ago
[–] Ensign_Crab 32 points 3 days ago (1 children)

See, this is why "Biden brought down drug prices. For 10 drugs. For Boomers only." Isn't a win.

[–] [email protected] 6 points 3 days ago

"But did you think those boomers needed to pay $5 less for medicine? That's a win! Now let's have millions die of preventable illness because healthcare is a heavy tax burden on the middle class."

[–] [email protected] 38 points 3 days ago (1 children)

We're all getting 10% raises to pay for this, right?

Well, at least the people these companies employ (not just the executives) are getting 10% raises, right?

[–] b3an 6 points 3 days ago

When we ask for it they scoff at us.

[–] [email protected] 22 points 3 days ago

Makes sense, not like anything will be done about it.

[–] [email protected] 33 points 3 days ago

What a bunch of greedy bastards. Can't imagine why they're so widely and intensely hated.

[–] [email protected] 31 points 3 days ago (2 children)

Lol, what R&D Costs for already developed drugs?

[–] [email protected] 28 points 3 days ago (2 children)

Guess who footed the bill for all that emergency Covid R&D a few years ago? Hint - it was not the pharmaceutical companies.

[–] [email protected] 27 points 3 days ago (1 children)
[–] [email protected] 5 points 3 days ago

We fund the medicine with our taxes, we pay for the medicine with our income, we take the medicine on our time. And we get nothing but a bill and maybe the drug working, if it doesn't ensure a new addiction racket.

[–] [email protected] 11 points 3 days ago

They didn't even funded it without COVID, that drug was developed at a University IIRC

[–] jeffw 11 points 3 days ago

Well, the argument is that they need to cover new R&D costs

Know what industry has higher R&D costs than pharmaceuticals? Chips.

And my computers aren’t going up that much

[–] [email protected] 32 points 3 days ago (1 children)

The pharma industry is doing the US public a service by getting people used to paying Trump's tariffs early.

[–] [email protected] 7 points 3 days ago

Now now, I think you know these fine American institutions won’t be passing up another opportunity to raise prices once those tariffs hit. This is a double dip.

[–] RememberTheApollo_ 19 points 3 days ago

Infinite growth is needed to keep investors happy.

[–] Bwaz 21 points 3 days ago

Yeah, because they haven't been making enough money

[–] [email protected] 17 points 3 days ago

Why didnt I fucking hear anything about this until today. What a great start to the new year.

[–] [email protected] 16 points 3 days ago

And of course the only thing trickling down in the economy isn't made of money, it's santorum-based.

[–] FlyingSquid 14 points 3 days ago

Does anyone know where to find a list of the drugs? Because I'm not turning one up.

[–] xc2215x 10 points 3 days ago

Utterly brutal to see.

[–] [email protected] 3 points 3 days ago* (last edited 3 days ago)

If the pharmaceutical executives are so confident that making these types decisions is necessary....Then why won't they get on a podium in a public space on live TV and explain they're reasoning to the very people it's going to effect the most?

If it's really that important there should be no issue with the public's response.

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