U.S. drug prices to increase Jan 1; Seniors won't have to pay more than $2000 total

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Tue, 2024-12-31 12:34 — mike kraft

Drugmakers to raise US prices on over 250 medicines starting Jan. 1

NEW YORK, Dec 31 (Reuters) - Drugmakers plan to raise U.S. prices on at least 250 branded medications including Pfizer (PFE.N), opens new tab COVID-19 treatment Paxlovid, Bristol Myers Squibb's (BMY.N), opens new tab cancer cell therapies and vaccines from France's Sanofi (SASY.PA)

, opens new tab at the start of 2025, according to data analyzed by healthcare research firm 3 Axis Advisors.

Nearly all of the drug price increases are below 10% - most well below. The median price increase of the drugs being hiked Jan. 1 is 4.5%, which is in line with the median for all price increases last year. ...

ALSO SEE: Seniors won’t pay more than $2,000 for drugs at the pharmacy starting in January

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