Drug companies are continuing to raise prices with no accountability, causing the price of health care to increase for all.
Higher Drug Prices = Higher Premium Costs
Prescription drugs are the second highest expense incurred by California’s health plans, but drug companies continue to raise prices – with no accountability. With bills continuing to be introduced at the Capitol that will do nothing to reign in high cost prescription drugs, prices will continue to increase, directly effecting health care and premium costs for employers, individuals, and families.
In Just One Year
-
Increased prescription drug costs led to a 5.3% increase in health plan premiums between 2018 and 2019.
-
More expensive specialty drugs accounted for just 1.5% of all prescriptions but made up 56.1% of health plan drug spending.
-
Health plan spending on prescription drugs increased by $600 million from 2018 to 2019.
Stay Informed
Stay up to date on the fight against runaway prescription drug prices.
#BigPharma is raising prescription drug costs at rates that significantly outpace inflation, causing health care premiums to rise. Learn more here >> https://t.co/4yJ74rm8ys https://t.co/Ofacq5WIjK
ICYMI: The new COVID treatment pill will cost $712, more than 40 times what it costs to make! Per @fastlerner of @theintercept
https://t.co/i8nxO54UpX
Drug companies want consumers to believe that health plans increase premiums due to non-medical expenses.
In reality, prescription drug prices are the second biggest cost driver of health plan premiums.
Learn about other misleading #BigPharma claims >> https://t.co/ZmanAHGzDl
In just one year, #BigPharma managed to increase drug costs by $600 million. https://t.co/FL89Yv1hsR
