May 24, 2017
Abimbola Farinde, PhD
The cost of prescription drugs increased by 8.77% last year, the fourth consecutive year drug prices have gone up, according to data from the Truveris National Drug Index. The company further stated the 2016 increase represents an average annual price increase of 9.98% over the last year 3 years.
This report underscores several highly publicized efforts to address drug costs. In March, President Donald J. Trump said one of his principles in replacing the Affordable Care Act was to limit unnecessary procedures that cause health insurance and prescription drug costs to rise.
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