Drugmakers to raise US prices on over 250 medicines starting Jan. 1

[BumRushDaShow]

Source: Reuters

December 31, 2024 1:02 PM EST Updated 3 hours ago


NEW YORK, Dec 31 (Reuters) - Drugmakers plan to raise U.S. prices on at least 250 branded medications including Pfizer (PFE.N) COVID-19 treatment Paxlovid, Bristol Myers Squibb's (BMY.N), cancer cell therapies and vaccines from France's Sanofi (SASY.PA) at the start of 2025, according to data analyzed by healthcare research firm 3 Axis Advisors.

Nearly all of the drug price increases are below 10% - most well below. The median price increase of the drugs being hiked Jan. 1 is 4.5%, which is in line with the median for all price increases last year. The increases are to list prices, which do not include rebates to pharmacy benefit managers and other discounts.

Larger drug price increases were once far more common in the U.S. but in recent years drugmakers have scaled them back after price hikes drew sharp criticism in the middle of the last decade.

"Drugmakers don't have much real estate any longer to increase prices over time, which means taking greater liberties on launch prices is really the only option they have in the face of expanded penalties for year-over-year price increases," 3 Axis President Antonio Ciaccia said.

Read more: https://www.reuters.com/business/healthcare-pharmaceuticals/drugmakers-raise-us-prices-over-250-medicines-starting-jan-1-2024-12-31/

[JohnnyRingo]

1. Wellcare is dropping one of mine altogether.

I take pills at every meal that keeps my phosphorous levels down. As a kidney patient that protects my heart, so it isn't important to them.
Indeed, if I die of a stroke they can wash their hands of a client that is in such health they lose money.

Better to insure someone like Gaetz who only requires boner pills and morning after OTC aspirins for a hangover.

[Evolve Dammit]

7. Just plain sucks. I am sorry. "Wellcare." Yeah right... Take care JR

[samplegirl]

8. Awful

And frustrating. Chasing options.

[C0RI0LANUS]

2. "Pile on!" Greedy corporate America is ready to take it to the American people with Trumpf in 2025.

The late US Army LG Henry Everett "Hank" Emerson used the strategy of sealing off the enemy and then "piling on" them in Vietnam. Now we're going to get "piled on" in a matter of hours.




The late US Army LG Henry Everett "Hank" Emerson photographed in 1975 with his non-standard six-shooter revolver.

"Bohica!"

[Number9Dream]

3. But we SS recipients got a ridiculously low 2.5% COLA

Thanks Social Security!

[NotHardly]

4. They realize they could be perilous moment????

[C0RI0LANUS]

5. I posted this in a separate thread but it is apropos here. "Pile on!"

https://www.democraticunderground.com/?com=view_post&forum=1002&pid=19863649

[mdbl]

6. Of course they will because they just aren't making enough money

[SergeStorms]

10. Someone has to pay for.....

the almost $16 billion pharmaceutical companies spend on marketing in the U.S. each year. They spend more on marketing than they do on research and development. That's a fact. Hence the constant advertising on TV of their new "wonder drugs." It's also why Americans spend more on Healthcare than any other country on the planet.

Give the poor guys a break, will you?

[Wonder Why]

9. They're saving money by not having to pay ex-CEOs. Raise prices and people will remove the CEO.

I'm not encouraging that.