More than 3,400 prescription drugs have seen price increases in the first half of 2019, with the average increase clocking in at roughly 10.5 percent, CBS reports, which is five times the rate of inflation.
Only 2,900 drugs saw price hikes at the same period in 2018, according to the report.
“In the political climate we live in and the conversations we’re having, that there are more drug price increases this year — you would think that wouldn’t be the case,” Rx Savings Solutions Founder and CEO Michael Rea tells CBS. “It defines the difficulty that consumers are having.”
To read the full report, click here.