Prescription Drug Prices Skyrocket in 2019

In a recent Consumer Reports article, the magazine reports that 30% of those taking a prescription drug reported a price increase in 2019. 

Why is this happening? A variety of factors, but here are a few: 

1. There are currently no federal regulations that limit drug prices or price increases. 
2. Middlemen continue to play a role in selling drugs. The more layers of profit between consumers and drug companies, the more money needs to be generated from consumer sales.
3. Coverage reductions are also playing a part. With Employers looking to save money everywhere they can, prescription drug plans are often changed from year to year. 

Read the full article here.