Medicine Prices

Nine in 10 Americans Concerned Big Pharma Will Use COVID-19 To Raise Drug Prices

A survey of US adults has revealed that the majority are very or somewhat worried that big pharma will take advantage of the COVID-19 pandemic to increase the price of drugs.

A new study has found that almost nine out of 10 US adults are ‘very’ (55 percent) or ‘somewhat’ (33 percent) concerned that the pharmaceutical industry will leverage the COVID-19 pandemic to increase drug prices. Similarly, 84 percent are very or somewhat concerned that the general cost of care will rise and 79 percent are very or somewhat concerned their health insurance premiums will go up in response to the pandemic. In each of the latter two scenarios, 41 percent of Americans are very concerned.

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