Drug Prices Rose Nearly 40 Percent Over Past Decade, Surpassing Inflation Rate, Tracker Shows

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Drug Prices Rose Nearly 40 Percent Over Past Decade, Surpassing Inflation Rate, Tracker Shows

The increase in the cost of prescription medications has outpaced inflation over the past 10 years, according to the telemedicine platform GoodRx. A price tracker from GoodRx shows prescription drug prices between 2014 and May 2024 have risen by 37 percent, more than the 34.27 percent overall inflation during the same period, according to data from the U.S. Bureau of Labor Statistics. “Policymakers and pharmaceutical manufacturers are making eff…