Drug manufacturer Pfizer announced it would raise the prices of 41 drugs in January 2019, The Wall Street Journal reported. The move comes after the company committed to not raising prices in 2018 after coming under fire from President Trump. That commitment did not extend into 2019.
Most of the increases will be 5 percent, though one drug’s price will jump 9 percent, while three will only increase 3 percent, the WSJ reported. Most of the company’s portfolio of prescription drugs––90 percent––won’t be impacted by the price increases.
Rising drug prices have become a hot topic for the Trump administration, which has taken several steps to challenge the drug industry.
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Amy joined TriMed Media as a Senior Writer for HealthExec after covering home care for three years. When not writing about all things healthcare, she fulfills her lifelong dream of becoming a pirate by sailing in regattas and enjoying rum. Fun fact: she sailed 333 miles across Lake Michigan in the Chicago Yacht Club "Race to Mackinac."