Drug Prices Skyrocket in California — And Probably Everywhere Else Too

The LA Times reports that drugmakers “fought hard against California’s groundbreaking drug price transparency law, passed in 2017.” I’ll bet they did! So what have we learned?

Pharmaceutical companies raised the “wholesale acquisition cost” of their drugs — the list price for wholesalers without discounts or rebates — by a median of 25.8% from 2017 through the first quarter of 2019, according to the Office of Statewide Health Planning and Development. (The median is the point at which half the prices are higher and half are lower.)

Naturally you’d like to see this in chart form:

As you can see, cheap generics saw the largest increase, more than doubling in cost. Everything else increased 20-30 percent. And if prices went up that much in California, it’s a safe bet they went up that much in your state too.

Why? Well, why not? It’s not as if anyone in power right now is going to stop them.

Fact:

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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