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Tuesday, April 18, 2023

Drug prices rose faster than inflation between July 2021 and July 2022, rising on average 31.6 percent


Since April 2021 the cost of essentials like groceries, utilities and gas increased by 20% or more. The cost of all items on the index increased by 13% in that time.


The Department of Health and Human Services (HHS) says list prices on more than 1,200 prescription drugs rose faster than inflation between July 2021 and July 2022, rising on average 31.6 percent, according to a new report, but there is a new tool to obtain steep discounts and sometimes, even free at bit.ly/SmartMedical


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