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.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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