Rising care costs Nationally,drug prices increased 3.3 percent just during the first quarter ofthis year, putting the market on pace to increase more than 10percent for the year. (Photo: Shutterstock)

Twenty drug companies announced price hikes for around 40different medications last week. The average price increase forthose drugs was 13.1 percent, according to Rx Savings.

Many of the affected drugs are in high demand from hospitals,which have been under increasing pressure to deal with drug shortages.

Continue Reading for Free

Register and gain access to:

  • 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
NOT FOR REPRINT

© 2024 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.