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Prescription Drug Prices Continue to Rise

The Peter G. Peterson Foundation reports on the growing costs of the prescription drug industry in “Why are Prescription Drug Prices Rising and How Do They Affect the U.S. Fiscal Outlook?”

Pills formed into an increasing arrow shape, with a gray background.

“The rising cost of prescription drugs is a key driver of overall healthcare spending in the U.S. This trend has significant implications not only for Americans who rely on medications, but also for our nation’s budget and fiscal outlook. Recent proposals to reduce such costs indicate a bipartisan desire to curb growth in prescription drug prices, but there has been a lack of consensus on the exact path forward.

Read the full report.