The Government Accountability Office (GAO) says prices for more than 400 brand-name drugs jumped dramatically between 2000 and 2008, and it might be due to limited competition.
The GAO looked at 416 brand-name drug products representing 321 drug brands. In eight years, these products had "extraordinary" price increases, according to the GAO.
Price increases ranged mostly between 100 percent and 499 percent, with a median of 158 percent. In some cases, increases were as high as 1,000 percent or more.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
