Drugmakers Are Hiking Prices For The New Year

About 30 pharmaceutical companies had agreed to a self-declared halt under pressure from President Trump last summer. That will end in January. The companies filed paperwork to raise the prices with California agencies in November and Pfizer is planning to increase prices for 41 medications.

Big Pharma raises their prices in January as a rule, but Trump shaming them into freezing costs may contribute to the spike in prices experts expect to see.

The high cost of prescriptions has drawn the ire of both Democrats, who will control the House of Representatives, and Republicans, who are expanding their majority in the Senate, so we should be hearing a lot of rhetoric on the subject starting next month.

Prescription medication and one hundred dollar bills
Charlie Munson

Charlie Munson

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