Drug Price Hikes Cost Americans Billions Of Dollars, Report Says

Drug Price Hikes Cost Americans Billions Of Dollars, Report Says

Assessment

Interactive Video

Business, Social Studies

University

Hard

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A report by the Institute for Clinical and Economic Reviews highlights significant price increases for seven popular drugs from 2017 to 2018, despite lacking clinical evidence to justify these hikes. The report identifies drugs like Humira and Lyrica, noting that the price increases cost patients and insurers billions. Drug manufacturers dispute the report's methodology, while Congress considers pricing plans that could save taxpayers billions on Medicaid and Medicare.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the average price increase percentage for Humira from 2017?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the two drug pricing plans currently competing in Congress aimed at?

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