Big Pharma raised prices on 1,450 drugs

Published February 14th, 2024 by Devteam

Last year Big Pharma raised prices on 1,450 drugs as seen from linked article:

It is expected that it will be similar this year, with a range of 5% to 10% increases. Most prices are felt in the beginning of the year, with a second wave sometime mid-year. There are also many drugs that trickle up in prices during the year so that no shock is felt. 

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Healthcare cost is close to 18% of Gross Domestic Product (GDP) and a very good portion of that cost are prescription drugs. Normal inflation for the past 10 years has been 1.9% while Prescription Drugs alone have skyrocketed to over 15%.

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