It’s well known that prescription drug prices are skyrocketing in America. Price increases for brand name drugs have far exceeded the rate of inflation since at least 2006, according to AARP’s Rx Price Watch report. And the average annual cost for just one brand name drug taken on a chronic basis was about $6,800 in 2017, almost $1,000 more than in 2015. However, it’s not just patients paying for greedy Big Pharma practices that help keep drug prices high— it’s also taxpayers.
For decades, big pharmaceutical companies have raised drug prices with impunity. Here in Alabama, the average annual cost of brand name prescription drug treatment increased 58% between 2012 and 2017...
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