Cancer drug prices rise in the US despite an increasingly competitive market — report
As Democrats’ hopes of Medicare drug price negotiations seem further out of reach, a new study shows that increased competition in the cancer drug market has not, in fact, led to price decreases — well, not in the US at least.
Between 2009 and 2020, prices increased — with one exception — within and across all 12 cancer drug classes studied in the US, whereas prices in Switzerland and Germany generally decreased over time or did not rise more than inflation, according to a recent publication in the Lancet.
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