Public backlash against Turing Pharmaceuticals for raising the price of the life-saving drug Daraprim, which treats malaria and toxoplasmosis, by more than 5,000 percent to $750 per pill made the drug company reverse course last week. And now lawmakers and presidential candidates are
Prescription drug price inflation is expected to approach double-digits in 2016, more than 10 times the consumer price index for all goods and services, according to a health-cost survey by the Segal Group. The benefits consulting firm estimates that prescription drug price will rise 9.8 percent in 2016, up from a 7.5 percent increase this year.
If you're one of the millions of Americans who regularly take a prescription drug, you can make several moves to lessen the burden of increasing drug costs.