Drugmakers from Pfizer to GSK to hike U.S. prices on over 200 drugs on Wednesday

[dalton99a]

https://www.reuters.com/article/us-usa-healthcare-drugpricing-exclusive/exclusive-drugmakers-from-pfizer-to-gsk-to-hike-u-s-prices-on-over-200-drugs-idUSKBN1YZ1C4

December 31, 2019
Exclusive: Drugmakers from Pfizer to GSK to hike U.S. prices on over 200 drugs
Michael Erman, Carl O'Donnell

NEW YORK (Reuters) - Drugmakers including Pfizer Inc (PFE.N), GlaxoSmithKline PLC (GSK.L) and Sanofi SA (SASY.PA) are planning to hike U.S. list prices on more than 200 drugs in the United States on Wednesday, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors.

Nearly all of the price increases will be below 10%, and around half of them are in the range of 4 to 6%, said 3 Axis co-founder Eric Pachman. The median price increase is around 5%, he said.

More price increases are expected to be announced later this week, which could affect the median and range.

Soaring U.S. prescription drug prices are expected to again be a central issue in the presidential election. President Donald Trump, who made bringing them down a core pledge of his 2016 campaign, is running for re-election in 2020.

Many branded drugmakers have pledged to keep their U.S. list price increases below 10% a year, under pressure from politicians and patients.

[Dennis Donovan]

1. I dig it's free enterprise, but it's free enterprise at its most predatory.

[ret5hd]

2. Pay up or die mutha fucka. Your choice.

[duforsure]

3. This is telling on trump

He claimed he'd fight to get drug prices down, ranted about it some then took millions from drug companies for his campaign , which he funneled into his pockets , and now they have free reign to do as they want to pricing, just like they did under W Bush. trump pressured them for a bribe , a payoff to his campaign to stop attacking and threatening them, and when they paid him he stopped. Just like the Khashoggi killing, he was funneled money using his hotels, and he did nothing and said nothing except excuses while he was getting paid off by the prince. Just like putin has done in russia where only the most corrupt prosper while he steals billions to help finance more corruption around the world. that's what trump is doing now, shaking people and companies down or else.

[Sherman A1]

4. More winning

[smirkymonkey]

5. This is just evil.

Profit over people. Capitalism without regulation is a failure.