Medicare ought to negotiate drug prices. It is really the only way to decreased charges

Table of Contents Medicare should be in a position to negotiate drug chargesSignificant prices influence…

People today of all ages are skipping capsules because they simply cannot afford to pay for their medicine. Which is since People in america are spending 3 periods what people today in other nations pay back for the identical drugs.

Persons are unwell and weary of becoming price tag-gouged for the medicine they want. So they are calling on the president and Congress to consider motion toward negotiated pricing.

At AARP, we have tracked the prices of the most usually employed prescription medicines for nicely above a decade. Each individual 12 months, the rates of the most commonly utilised prescriptions have risen a lot quicker – frequently much more quickly – than the charges of other merchandise and providers.

Our most recent Rx Rate Observe Report, which appeared at 260 broadly used brand name-identify medicines, located that their prices rose far more than 2 times as speedy as standard inflation in 2020 – and that is in the center of a world pandemic and economical downturn.