Becker's Healthcare October 3, 2022
Paige Twenter

From July 2021 to July 2022, costs for 1,216 medications surpassed the 8.5 percent inflation rate, and the average spike in prices was 31.6 percent, an HHS report found.

In the analysis, the Assistant Secretary for Planning and Evaluation deemed a “significant price change” as treatments that are more than $20 per package and showed at least a 10 percent change or any price change among drugs that are more than $500 per package.

Compared to increasing drug costs over the last seven years, the number of drugs with a bigger price tag peaked in January 2022 to 3,239 medications.

The top drugs by percentage price increases include two final infection medications that jumped more than 1,000 percent —...

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Topics: Biotechnology, Govt Agencies, Healthcare System, HHS, Pharma, Pharma / Biotech, Pricing / Spending, Survey / Study, Trends
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