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Pharmaceutical companies hiked the price of 775 drugs this year so far, including Ozempic and Mounjaro — exceeding the rate of inflation (arstechnica.com)

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Pharmaceutical companies hiked the price of 775 drugs this year so far, including Ozempic and Mounjaro — exceeding the rate of inflation::Meanwhile, Senate to consider subpoenas to force pharma CEOs testify on prices.

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[–] Ghostalmedia@lemmy.world -2 points 8 months ago (1 children)

So how much of this is because pharma companies have to cap prices of some drugs because of the Inflation Reduction Act, but they still want to keep the revenue looking good for shareholders?

[–] Catoblepas@lemmy.blahaj.zone 12 points 8 months ago (1 children)

Probably none, because it implies prices wouldn’t have risen this year beyond inflation without the IRA.

[–] CaptainSpaceman@lemmy.world 1 points 8 months ago (1 children)

I think the point is, are they making up for Insulin price cap by hiking everything else up by insane amounts?

I dont think theyre arguing greedflation wouldnt happen by pharma, just is it more than expected due to IRA?

[–] Tremble@sh.itjust.works 4 points 8 months ago

They would do it anyway. That is the point.