Despite the Biden administration's numerous initiatives to crack down on the high cost of drugs, several big drugmakers will hike prices this month, with Pfizer announcing over a quarter of the increases.

Joining Walgreens, CVS Health and Walmart, Amazon is the latest retail pharmacy to experiment with drone delivery of prescriptions, promising dropoff in 60 minutes or less to "narrow the golden window from diagnosis to treatment."

While Congress moves closer to pharmacy benefit manager reform with new legislation pending, "achieving large reductions in prescription drug costs" will require a different approach, says the Brookings Institution.

However, it's likely the upcoming Medicare drug price negotiations will have some spillover effect, as the prices are likely to become a new ceiling for other insurers as well, suggests a new AARP report.