Drug prices have risen almost 40% over the past decade, according to a new tracker

CNBC June 27, 2024
Justine Fisher

Key Points

– The cost of prescription medications in the U.S. has increased 37% since 2014, far surpassing the rate of inflation, according to data from drug savings company GoodRx.

– Though the price increases have slowed this year in comparison to the past decade, the average American spends $16.26 out of pocket per prescription, according to the data.

– On average, Americans pay two to three times more for prescription drugs than consumers in other developed countries, according to the White House.

The cost of prescription medications in the U.S. has increased 37% since 2014, far surpassing the rate of inflation, according to data from drug savings company GoodRx.

Though the price increases have slowed this year in comparison...

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