Dermatology Drug Prices rose 1,698% in Past Six Years

Dermatology Drug Prices rose 1,698% in Past Six Years

A Florida study revealed that prices of many US dermatologist prescribed drugs have soared in last just six years. The new prices are so high that patients are forced to stretch their budgets in the time period of high insurance deductibles, as per the study.

Study researchers considered many highly prescribed drugs and found that their price skyrocketed from just 60% to about 1,698% between 2009 and 2015. The average price rise is over 400%, the study revealed.

Dr. Steven Rosenberg, a voluntary professor of dermatology at the University of Miami Miller School of Medicine and an author of the study, said, “It was shocking to us when we saw some of the prices.We double checked with the pharmacies to make sure they were accurate”.

Increase in drug prices is not a new topic. Earlier, increased prices Turing Pharmaceuticals’antimicrobial drug was matter of national debate. The company increased itsantimicrobial drug’s price by over 5,000%. After facing criticism from all-around, the company announced to reduce the drug’s price.

The study published in JAMA Dermatology explained that patients in the US are forced to pay high prices fordrugs as theirinsurance programs havecut back on drugs their cover. The study author said about 20% US patientsdid not fill at least one prescription due to cost last year.

The researchers gathered data on approximately a hundred drugs, but they analyzed just 19 drugs. They checked data on those drugs from some previous studies.