Generic drug prices are spiking

  • Forty-five states and the Department of Justice are claiming that generic-drug prices are fixed and the alleged collusion may have cost U.S. business and consumers more than $1 billion.
  • The prices of some generic drugs, such as captopril (Capoten) and pyrimethamine (Daraprim), have risen substantially in recent years.
  • Pharma companies have raised the prices of 43 generic drugs by at least 10% so far in the first half of 2018.
  • Prior to going generic, many brand-name drugs see large increases in their cash price, with prices rising by as much as 50%.

Continue reading