Four more things to know:
1. The average price increase of the drugs that have gone up in price is 10.5 percent, about five times the rate of inflation.
2. The prices of 41 drugs have been raised more than 100 percent this year.
3. Some of the largest price hikes this year have been for the antidepressant Prozac (879 percent increase); steroid topical cream mometasone (381 percent hike); and pain reliever and cough medicine promethazine/codeine (326 percent increase.)
4. The drug hikes come as lawmakers and the Trump administration work to address the problem of rising prescription drug costs in the U.S.
Read the full report here.
More articles on pharmacy:
Walmart cutting some pharmacy jobs
UPMC acquires community pharmacy in Pittsburgh
Oklahoma judge approves Teva’s $85M opioid settlement
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit