Despite Biden Admin Promises of Keeping New Drug Prices Down, Big Pharma Sees Hundreds of Price Hikes – By Sarah Arnold (Townhall) / Feb 23, 2024
Big Pharma kicked off 2024 with hundreds of price hikes for new drugs despite the Biden Administration’s promises of keeping pharmaceutical costs down.
According to a report released Friday, pharmaceutical companies set median starting list prices 35 percent higher in 2023 than the previous year.
In 2022, the median list price for a drug being placed on the market was $222,000. Compare that to 2023, where the median drug price spiked to $300,000 despite the Biden Administration stating one of its goals was to keep pharmaceutical costs affordable for Americans.
