Americans don’t trust pharma not raise drug prices during the pandemic
That’s according to the latest Gallup poll, which found that nearly nine in 10 Americans are worried the drug industry is going to take advantage of the coronavirus crisis to increase prices.
As STAT’s Ed Silverman reports, the results were consistent regardless of sex, race, or household income. Through the poll, which surveyed 1,016 adults in all 50 states last month, “the public is saying indisputably that the government should play a role in addressing the cost crisis and of prescription drugs, in particular,” said Dan Witters, research director and principal at Gallup.
We’ll soon find out whether those concerns were valid. Major drug companies customarily take price increases at the start and middle of the year, meaning we’re just weeks away from a regularly scheduled hike. There’s a campaign to convince pharma to skip this round of increases, and there’s a recent precedent for doing so. But so far there’s no indication the industry plans to hold off.
Read more.
As STAT’s Ed Silverman reports, the results were consistent regardless of sex, race, or household income. Through the poll, which surveyed 1,016 adults in all 50 states last month, “the public is saying indisputably that the government should play a role in addressing the cost crisis and of prescription drugs, in particular,” said Dan Witters, research director and principal at Gallup.
We’ll soon find out whether those concerns were valid. Major drug companies customarily take price increases at the start and middle of the year, meaning we’re just weeks away from a regularly scheduled hike. There’s a campaign to convince pharma to skip this round of increases, and there’s a recent precedent for doing so. But so far there’s no indication the industry plans to hold off.
Read more.
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