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- Prescription Drug Prices Are Skyrocketing — Here’s How to Save - February 18, 2015
By now, everyone is well aware of sharp increases in medical costs, but this alarming situation is most apparent in the form of high prescription drug prices. According to Truveris, a firm that analyzes prescription drug prices, in 2014, Americans paid nearly 11 percent more than the previous year. It’s no surprise that name-brand medications increased the most by almost 15 percent. Unfortunately, they’re not the sole reason for the price jump. In 2014, people paid five percent more for their generic prescriptions, which is believed to be caused by a lack of competition within the generic drug industry. The FDA recently imposed new quality control initiatives, which according to Truveris CEO Bryan Birch, cut into many generics manufacturers’ already…Read More
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