U.S. Companies Continue to Pay More in Healthcare as the Cost of Drugs Keeps Rising
The rising cost of healthcare has been a hot topic of discussion as of late throughout the United States, with many presidential candidates using it as a selling point of their campaign. The problem has gotten so bad within the past few years that the US currently pays more per capita for prescription drugs than any other country in the world.
This is obviously a huge concern for patients and insurance providers alike. Most recently, companies in the US have been putting their employee healthcare plans together for the next year and are predicting a four-year high in their healthcare costs thanks to the rising cost of prescription drugs.
However, a study that was released in January of this year determined that it wasn’t the cost of innovating new medications that were causing the overall cost of drugs to increase, but rather, it was the manufacturing companies themselves hiking up the prices of the drugs over time. The study shows that drugs that have already been on the market for years were having their prices steadily increased every year, with the best example of this being insulin.