President Trump called out the pharmaceutical industry for its pricing on Saturday, just days after several news reports showed companies had increased the prices of drugs with the coming of the new year.
"Drug makers and companies are not living up to their commitments on pricing," Trump tweeted Saturday. "Not being fair to the consumer, or to our Country!"
An analysis by Rx Savings Solutions found more than three dozen drugmakers raised the prices on hundreds of medicines in the U.S. on Tuesday, for an average increase of 6.3 percent.
The Pharmaceutical Research and Manufacturers of America, a trade group known as PhRMA, called the analysis “flawed and inaccurate,” saying that it failed to take rebates and discounts into account, but also said that patients likely weren’t receiving the savings borne by other entities, including private insurers and government payers.
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Big Pharma refuses to eat the inflation tax.
ReplyDeleteThe Fed continues to inflate the US Dollar.
So Big Pharma demands more Dollars for their products.
Simple supply and demand concept of the Dollar.
Big Pharma is a big factor & shares the blank for inflation
Delete