Prescription drug prices have surged almost 40% over the past decade [FOX Business Network]
GoodRx Holdings, Inc. - Class A (GDRX)
Company Research
Source: FOX Business Network
The cost of prescription drugs in the U.S. has surged nearly 40% over the past decade, easily outstripping the pace of inflation, according to a new study. Findings published by GoodRx, a drug savings company, show that the list price for prescription drugs has climbed about 37% since 2014. Although price increases have slowed this year, costs continue to pose a "significant burden" to many consumers. In 2024 alone, Americans have spent $21 billion on out-of-pocket prescriptions. That amounts to about $16.26 per person, according to the data. "For most Americans, the difficulty with affordable medications isn't over the ones that cost thousands of dollars," said Tori Marsh, director of GoodRx research. "It's about affording routine drugs for chronic conditions, and finding that their insurance doesn't cover what it used to." Although health care is often covered by insurance, more of the cost burden is being shifted to consumers as prescription insurance coverage gets more co
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GDRX
News
- Rising drug costs force a third of Americans to leave prescriptions unfilled: report [Seeking Alpha]Seeking Alpha
- Michigan Walgreens customers worry about store closures [CBS News]CBS News
- Drug prices have risen almost 40% over the last decade, according to a new tracker [CNBC]CNBC
- GoodRx Launches New "Prescription Cost Tracker" to Spotlight Key Factors Driving Out-of-Pocket Medication Costs in the U.S. [Yahoo! Finance]Yahoo! Finance
- GoodRx Launches New “Prescription Cost Tracker” to Spotlight Key Factors Driving Out-of-Pocket Medication Costs in the U.S.Business Wire
GDRX
Earnings
- 5/9/24 - Beat
GDRX
Sec Filings
- 6/11/24 - Form 4
- 6/11/24 - Form 4
- 6/11/24 - Form SC
- GDRX's page on the SEC website