Prescription drug prices continue to skyrocket: 4 insights

Beaumont, Texas-based pharmacist Andy Wilcox has seen common prescription drug increases of 200 percent to 10,000 percent, according to KFDM.

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Here are four insights:

1. These drug increases are impacting both brand-name drugs and generics.

2. This price trend may be a consequence of drug research and development costs.

3. Others argue pharmaceutical companies are taking advantage of a “lack of bulk purchasing power.”

4. The Affordable Care Act is also not helping lowering drug prices.

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