A $10 Drug Price Increase Is Correlated with Higher Mortality Rate of 33%

A new study reveals that even a small increase in prescription drug prices—of only $10—can lead to higher mortality rates. They note that a price increase of 34%, equivalent to $10.40, was associated with a 33% increase in mortality rate. The article explores possible solutions to reducing this cost burden.

The authors of the study note, “We find that small increases in cost cause patients to cut back on drugs with large benefits, ultimately causing their death,” adding, “Cutbacks are widespread, but most striking are those seen in patients with the greatest treatable health risks, in whom they are likely to be particularly destructive.” Read more here.

(Source: Dylan Scott, Vox, 2/10/21)