Despite Covid-19, drug prices are still on the rise

Drug prices continue to rise in spite of Covid-19’s economic toll. Drug makers increased the list prices of 42 brand-name medications by an average of 3.5% this month, STAT’s Ed Silverman writes — a greater number of drug price hikes taken this time a year ago. Drug makers generally increase prices twice a year — in January and in July. This is the first increase after the start of the pandemic.

Although there has been a public outcry for years over pricing, there hasn’t been much progress on the issue in Washington. Earlier this week, however, there have been rumors that President Trump may sign an executive order on drug pricing in the near future.