Over 300 Drugs Saw Price Hikes January 1
More than 330 drugs had their prices raised on Jan. 1, 2020, with more expected to rise over the course of the month, according to healthcare research firm 3 Axis Advisors. Most of the price increases were below 10 percent, with the median price increase around 5 percent, from just about every major drug manufacturer. The only notable companies not to increase their drugs were Allergan and Novartis that did increases in late 2019. House Speaker Nancy Pelosi (D-CA) was quick to jump on the issue with a tweet saying "Enough is enough..." and calling for the Senate to follow the House and pass a drug pricing bill. Click here and here for more on the increases, and here for Pelosi's full tweet.
- The New York Times investigates crisis facing the development of new antibiotics as financial outlook for the products is dim, click here.