Drug costs surge faster than any other medical good or service, data shows

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While prices for the majority of medical items and services are rising, drug rates are increasing the fastest, according to a Sept. 17 GoodRx report.

Katie Adams –
Thursday, September 17th, 2020

Scientists compared data on the rates of medical items and services from the Bureau of Labor Statistics Consumer Price Index to information on drug sticker price from the GoodRx Drug List Price Index to find prescription drug costs have increased by 33 percent considering that 2014, the biggest surge among all cost increases for medical items and services. Other medical services, such as care provided in inpatient hospital settings, nursing houses and dental practices, increased by 30 percent, 23 percent and 19 percent, respectively.

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GoodRxs findings on prescription cost surges comes together with current findings that 25 percent of American ladies have actually forgone their medications and 10 percent of Americans have actually rationed their medications due to unaffordability.