Drug Prices Are Insane and Seemingly Unstoppable
The problem is just getting worse.
I’m pleading guilty to plagiarism here…well, kind of. I lifted this blog post’s title from the lead section in an article by Brad Tuttle last week in Time.com – called, “Prescription Drug Prices in America Are Rising Like No Other Industry.” The gist of the article is one we’re familiar with: drug price inflation is a major aberration in the U.S. economy, increasing about 10% a year for the past three years. Compare that to general inflation, which is historically, exceedingly low – averaging about 1% for the past three years.
You can read the aforementioned article for yourself — but what really jumped out at me was the discovery of another piece by Mr. Tuttle called “21 Incredibly Disturbing Facts about High Drug Prices” from this past June. Here are the top three fact (of the 21) that resonate loudest with me and why they do. (more…)
