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October 2022 - Newsletter #4

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Big Pharma’s Annual Drug Price Increases Rocket Past Inflation

Buy Hyalgan and hard to get OTC medications through us!

Don’t miss our Dr. Brynna Connor’s latest articles on the number one issue in men’s sexual health, including which superfoods help men to ‘keep it up’.

We have a favour to ask. Please forward our digital booklet to your friends, family and physicians who may know someone who wants to save money on their prescription drugs. A larger customer base grows our volume buying power, gives us priority access to medication inventories globally to assist with procurement and delivery timelines, and it reduces our cost of overhead per customer to help keep costs lower for everyone. We appreciate your support!

Almost everyone is feeling the effects of high inflation these days but did you know that drug makers in the United States have raised the prices of hundreds of drugs far in excess of inflation this year? The AARP recently commented on a freshly released report from the HHS Office of Health Policy which reviewed prescription drug price increases in the USA during the months of January and July 2022, which are the two months that drug companies have historically increased prices the most every year. The AARP highlights the following key points from the HHS report:

  • The list price of more than 3,000 drugs increased in January and/or July of 2022, a greater number than in January and July of 2021.
  • The average price increase was nearly $150 per drug (10 percent) in January 2022, and it was $250 (7.8 percent) in July 2022.
  • There were 1,216 products whose price increases during the 12-month period from July 2021 to July 2022 exceeded the inflation rate of 8.5 percent for that time period. The average price increase for these drugs was 31.6 percent.
  • The sharpest percentage price hike (over 1,000 percent) was for fluconazole, an antifungal medication. The wholesale package price increased from $2 to $24 or more.

While drug prices and transport costs are also increasing outside the USA, prices for medications haven’t risen nearly as much as they have in the USA and purchasing your medications through us continues to provide a much bigger savings. We are working hard to keep our prices affordable while maintaining the exceptional standards of service you deserve.

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