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rocktivity

(45,008 posts)
7. Why Do Generic Drugs Suddenly Cost More?
Tue Sep 8, 2015, 09:18 PM
Sep 2015
YourHHRS News/CBS: If you’ve gone to the pharmacy recently, there’s a good chance you may have noticed the cost of a generic drug isn’t what it used to be. That’s because the prices of some generic drugs — which are comparable to a brand-name drug but generally cost less — have been on a relentless upward march, with about one out of five of the most used generic drugs increasing in price by more than 50 percent in 2013 alone.

The price jumps haven’t gone unnoticed by consumers and politicians, with Rep. Elijah E. Cummings and presidential candidate Sen. Bernie Sanders introducing a bill which would require drugmakers to provide a rebate to Medicaid when prices of generics rise above the rate of inflation...More



rocktivity

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