• STAT+: Major purchasers predict expensive new therapies will keep driving drug price hikes

    10 days ago - By STAT

    More than two dozen big buyers of prescription medicines expect that prices will rise by an average of 8% annually over the next three years, a slight uptick from a year ago. And 19% believe that a “substantial portion” of the anticipated increases can be attributed to a shift to newer, pricier therapies, which is up from 8% a year ago, a new survey found.
    Notably, the slightly higher projection “may be the continuation of a trend toward expectations for double-digit increases” for prescription medicines in the future, wrote analysts at Cowen, who queried 26 hospitals, pharmacy benefit...
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