Net price increases for seven drugs raised U.S. drug spending by $5.1 billion between 2017 and 2018 without evidence of improved safety or effectiveness, according to the first annual report by the Institute for Clinical and Economic Review on the costliest U.S. drug price increases unsupported by clinical evidence. For example, the average U.S. price for Humira, a drug used to treat chronic illnesses such as rheumatoid arthritis, increased 15.9% over the period after accounting for rebates and other concessions, raising spending on the drug by an additional $1.86 billion. “If new evidence emerges that shows a treatment may be more beneficial than what was previously understood, perhaps that new evidence could warrant some level of price increase,” said David Rind, M.D., chief medical officer for the independent research institute. “For seven of the nine drugs we reviewed, however, we found that the price increases lacked justification in new evidence.”

Related News Articles

Headline
About 34 percent of uninsured U.S. adults did not take their medication as prescribed in 2017 in order to reduce their prescription drug costs, according to a…
Headline
Legislative proposals for a Medicare public option could negatively affect patient access to care and significantly reduce payments to hospitals, AHA Executive…
Headline
The Centers for Medicare & Medicaid Services today updated its Medicare and Medicaid drug spending dashboards with 2017 data.
Headline
The House Energy and Commerce Health Subcommittee today held a hearing to discuss seven bills aimed at increasing competition in the prescription drug market…
Headline
The Senate Special Committee on Aging today concluded a two-part hearing on the impact of rising prescription drug costs on seniors and potential policy…
Headline
Eight in 10 U.S. adults say prescription drug costs are “unreasonable,” and one in four say their prescription medicines are difficult to afford, according to…