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Old 11-16-2009, 01:19 PM
Allen Farlow Allen Farlow is offline
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Health Care Reform Causing Rise In Drug Prices

Drug Makers Raise Prices in Face of Health Care Reform

By DUFF WILSON
Published: November 15, 2009

Even as drug makers promise to support Washington’s health care overhaul by shaving $8 billion a year off the nation’s drug costs after the legislation takes effect, the industry has been raising its prices at the fastest rate in years.

This year’s increases mean the average annual cost for a brand-name prescription drug that is taken daily would be more than $2,000 — $200 higher than last year, Professor Schondelmeyer said.

And this means that the cost of many popular drugs has risen even faster. Merck, for example, now sells daily 10-milligram pills of Singulair, the blockbuster asthma drug, at a wholesale price of $1,330 a year — $147 more than last year. Singulair is now selling at retail, on drugstore.com, for nearly $1,478 a year.

http://www.nytimes.com/2009/11/16/bu...rices.html?hpw
 
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