Drug Prices Rose 7 Percent Last Year, According To Consumer Price Index

Prescription drug prices increased 7 percent last year, according to the Bureau of Labor Statistics price index for consumer goods . The news adds insult to injury for the approximately 30 percent of Medicare beneficiaries who also face a spike in Medicare Part B premiums due to next year’s Social Security Cost of Living Adjustment, which is based on that price index. The price index is made up of a large basket of consumer goods that ranges from food to...