Drug Prices Climb by 5.8% on Average, Less Than Last Year

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Drug Prices Climb by 5.8% on Average, Less Than Last Year
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Drug companies started 2020 by raising the price of hundreds of drugs, according to a new analysis, though the increases are relatively modest this year

Pharmaceutical companies started 2020 by raising the price of hundreds of drugs, according to a new analysis, though the increases are relatively modest this year as scrutiny grows from patients, lawmakers and health plans.

Pfizer Inc. led the way, including increasing prices by over 9% on more than 40 products. The drug industry traditionally sets prices for its therapies at the start of the year and again in the middle of the year.

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