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If Drug Companies Had Their Way…
There Would Be No Check on Their Power

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Patients Would Pay List Price for Drugs

  • Drug companies often raise list prices annually in January and July. In January 2021, 822 brand drugs raised prices an average of 4.6%, and in 67 brand drugs raised prices an average 3.5%in July.
  • The median list price for a year’s supply of a new brand name prescription drug was $180,000 in 2021, but was just $2,000 in 2008.

There Would Be No Push Back on High Launch Prices

  • Between 2008 and 2021, new drug launch prices increased exponentially by 20% per year.
  • Average list price at launch for a month’s supply of new oral oncology drugs increased 137% between 2016 and 2020, with average launch price of $21,657 in 2020.

But They Don’t…

Pharmacy Benefit Companies Exist to Control Costs

  • PBMs lower prescription drug costs by up to 50%.
  • Payers and patients save $1,040 per person per year through PBMs.

73 pharmacy benefit companies will save $1 trillion over the next 10 years. Without PBMs, employers, labor unions, health insurers, and government payers would lose $58 billion in value every year.