Drug Companies Continue to Raise Prices

During his election campaign, President Donald Trump made reducing pharmaceutical prices a key promise. As recently as May 2018, he also promised that drug companies would soon announce massive voluntary price cuts. These promises have yet to come to fruition, and according to the Associated Press, there have been far more price increases than cuts.

According to a recent analysis, there were 96 price increases for every cut in the first seven months of 2018. In total, there were 4,412 price hikes and 46 cuts during this time period, but there were fewer increases than in previous years. However, median price cuts were smaller than in previous years.

These findings were published by the Associated Press on September 24, 2018.

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