Drugmakers to raise US prices on over 250 medicines starting Jan. 1
Drugmakers to raise US prices on over 250 medicines starting Jan. 1
Summary
Over 250 branded drugs in the U.S. will see price increases starting Jan. 1, 2025, with most hikes below 10% and a median increase of 4.5%.
Key companies like Pfizer, Bristol Myers Squibb, and Sanofi are raising prices on treatments for COVID-19, cancer, and vaccines, citing R&D costs and inflation.
Some prices, such as Merck’s diabetes drugs, will be reduced.
Critics highlight that U.S. drug prices remain the highest globally, while manufacturers face pressure to moderate year-over-year price hikes.
I know I say this a lot but: let us pray to Saint Luigi for guidance. Because I don't know what else to do.
Demoralize these assholes with shrines to Luigi outside their workplace. Pamphlet them with the good news of Luigi as they go to work. I think 2/3 of America found their religion that fateful day and they should know that.
The line must go up. Doesn't matter that homelessness increased 18% in 2024 in the US. They need that third home and a yacht.
The U.S. pays more for prescription medicines than any other country
And these people wonder why we hate them
They don't wonder.
How we do it in my country.
I'm back to complain about Australians looking at Medicare through rose tinted glasses, when it still has a lot left to be desired.
PBS is one of the better parts of Medicare, however, there is very often a gap fee, even for PBS medication, unless you qualify for a health care card. Which is great because we're taking care of people who can't afford it, and the gap fee is still mostly fine, in most cases.
I mean, look at the sign, has an Asterix right there.
However, the rest of Medicare is more and more resembling a two-tiered system where you get to skip the queue if you have the means to pay, and you get a tax break to do so 👍 and of course, can't forget our luxury bones which still aren't covered.
Please do not vote for the LNP, I beg you.
Medicare is not that great compared to what we could afford as one of the richest countries per capita in the world. Only in comparison to the shitshow in the US.
That's a bold move. We should get confirmation that the CEOs are aware of this. We should also get confirmation that they signed off on this. And a photo op with said people too, you know, for prosperity...
posterity
We're all getting 10% raises to pay for this, right?
Well, at least the people these companies employ (not just the executives) are getting 10% raises, right?
When we ask for it they scoff at us.
See, this is why "Biden brought down drug prices. For 10 drugs. For Boomers only." Isn't a win.
"But did you think those boomers needed to pay $5 less for medicine? That's a win! Now let's have millions die of preventable illness because healthcare is a heavy tax burden on the middle class."
What a bunch of greedy bastards. Can't imagine why they're so widely and intensely hated.
The pharma industry is doing the US public a service by getting people used to paying Trump's tariffs early.
Now now, I think you know these fine American institutions won’t be passing up another opportunity to raise prices once those tariffs hit. This is a double dip.
Slight tangent: a drug I’m on for a nervous system condition used to cost me $400 a month copay when I lived in the states. Now it’s €0.37 here in Portugal. Yup. 37 cents.
I guess they don't have inflation in Portugal.
Lol, what R&D Costs for already developed drugs?
Guess who footed the bill for all that emergency Covid R&D a few years ago? Hint - it was not the pharmaceutical companies.
They didn't even funded it without COVID, that drug was developed at a University IIRC
Well, the argument is that they need to cover new R&D costs
Know what industry has higher R&D costs than pharmaceuticals? Chips.
And my computers aren’t going up that much
Makes sense, not like anything will be done about it.
Yeah, because they haven't been making enough money
Infinite growth is needed to keep investors happy.
And of course the only thing trickling down in the economy isn't made of money, it's santorum-based.
Why didnt I fucking hear anything about this until today. What a great start to the new year.
Does anyone know where to find a list of the drugs? Because I'm not turning one up.
Utterly brutal to see.
If the pharmaceutical executives are so confident that making these types decisions is necessary....Then why won't they get on a podium in a public space on live TV and explain they're reasoning to the very people it's going to effect the most?
If it's really that important there should be no issue with the public's response.
