Hill September 30, 2022
More than 1,200 prescription drugs rose in price faster than the rate of inflation between 2021 and 2022, according to a new report released by the Department of Health and Human Services (HHS) on Friday.
Between July 2021 and July 2022, the prices for 1,216 drugs rose more than the 8.6 percent rate of inflation, with these products having an average price increase of 31.6 percent. The price increases observed in 2022 were affected by the high rate of general inflation this year. The HHS report noted that most drug price increases occur in either January or July.
The prices for some drugs rose by more than 500 percent in 2022. The antifungal fluconazole, a common medicine, saw increases of...
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