Not waiting for the federal government, a number of states have taken their own legislative and regulatory steps to moderate drug prices. (Photo: Shutterstock)
A new report finds that drug manufacturers have continued to raise drug prices, despite promises by the Trump Administration to reduce the costs of prescription drugs.
The Associated Press analysis found that there were 96 price hikes for every price cut by pharmaceutical companies in the first seven months of this year. Although there were fewer drug price hikes than in a comparable periods in prior years, there still far more hikes than cuts. Changes in prices were similar—median price increases were slightly smaller, but so were price cuts, compared with other years.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
