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Drugs With ‘Unsupported Price Increases’ Add $5bn To US Spending – ICER

 
• By Cathy Kelly

Pharmaceutical Research and Manufacturers of America describes report as “flawed” and designed to advance the “false narrative that spending on medicines in increasing.”

scales measuring price versus value, equal rate
ICER Report Finds Little Evidence Supporting Price Increases

Seven out of nine high cost prescription drugs with significant price increases from the fourth quarter of 2016 through the final quarter of 2018 were not supported by evidence of any additional net clinical benefit, the Institute for Clinical and Economic Review concludes in a report released 8 October.

Furthermore, net prices for the seven drugs “were responsible for increasing total US drug spending by more than $5.1bn from 2017-2018,” ICER said, which supports arguments that policymakers should work to restrict such practices

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