this post was submitted on 29 Dec 2023
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News

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Drugmakers including Pfizer, Sanofi and Takeda Pharmaceutical plan to raise prices in the United States on more than 500 unique drugs in early January, according to data analyzed by healthcare research firm 3 Axis Advisors.

The expected price hikes come as the pharmaceutical industry gears up for the Biden Administration to publish significantly discounted prices for 10 high-cost drugs in September, and continues to contend with higher inflation and manufacturing costs

Under President Joe Biden’s Inflation Reduction Act (IRA), the government’s Medicare health program can negotiate prices directly for some drugs starting in 2026.

Worries are also growing about fresh disruption to supply chains from a prolonged Middle East conflict, with shippers forced to halt or reroute traffic from the Red Sea, the world’s main East-West trade route.

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[–] [email protected] 89 points 8 months ago (3 children)

this country is such a fucking joke

The expected price hikes come as the pharmaceutical industry gears up for the Biden Administration to publish significantly discounted prices for 10 high-cost drugs in September,

yeah i feel so fucking bad for them. is there any breathing human on the continent who thinks this is fair play

[–] [email protected] 19 points 8 months ago

What about the shareholders!!!!!

[–] [email protected] 1 points 8 months ago

The rich fucks that stand to profit are definitely stoked

[–] [email protected] 79 points 8 months ago (3 children)

God forbid we ever get universal healthcare / a single payer system

[–] Tremble 33 points 8 months ago (1 children)

Or allow endless corporate profits from publicly funded research

[–] [email protected] 26 points 8 months ago (1 children)

Taxes go in, corporate profits come out. The system works!

[–] [email protected] 3 points 8 months ago

Side eyes telecoms

[–] [email protected] 10 points 8 months ago

I wish they would talk about that more outside of election season.

[–] [email protected] -4 points 8 months ago

Our best chance was when Obama had a supermajority and he decided to make it more expensive, not less.

[–] [email protected] 21 points 8 months ago (1 children)

I wish there was a list of drugs so I'd know whether or not I'll have to pay more.

[–] [email protected] 5 points 8 months ago (1 children)

Brand name drugs go up 2-10% each year. Generics generally don't change.

[–] [email protected] 4 points 8 months ago

That's good to hear. All of the drugs I'm currently on are generics. The brand name only ones have all been deemed unnecessary at this point. I've also gone from 7 pills in the morning and 5 at night to 3 pills and one supplement in the morning and 2 at night, which is pretty damn good for having a nerve disorder. I just worry that they will stop working and I will have to go back to an expensive name brand option.