AHA urges Congress to address rising cost of drugs

AHA News Now

The AHA today urged Congress and the administration to take immediate action to rein in the rising cost of drugs. In a statement submitted to the Senate Committee on Health, Education, Labor and Pensions for a hearing on the issue, AHA offered specific recommendations to increase competition, innovation and transparency, promote payment for value, improve access and align incentives. “Hospitals bear a heavy financial burden when drug costs rise unexpectedly and must make tough choices about how to allocate scarce resources,” the association said. “One hospital put the challenge starkly: In a recent year, the overall cost of the price increases for just four common drugs, which ranged from 479% and 1,261%, cost the same amount as the salaries of 55 full-time nurses. And…many hospitals report that annual price increases of 10% or 20% for widely used older generic drugs can have an even greater effect, given the large quantities that a hospital must purchase.”

Read the AHA Stat Blog for more on this topic. 

Topic: Advocacy and Public Policy
Tag: drug prices

Keyword Search

Date