The drug manufacturers have claimed to support the badly-needed health care reform by agreeing to take $8 billion a year off the nation’s drug costs after the legislation takes effect. That sounds real good, but the industry has been hard at work raising its prices at the fastest rate in years. In the last year, the drug industry has raised the wholesale prices of brand-name prescription drugs by about 9%, according to industry analysts. That will add more than $10 billion to the nation’s drug bill, which is on track to exceed $300 billion this year. By at least one analysis, it is the highest annual rate of inflation for drug prices since 1992. The American public should be outraged!
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