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01-18-2010, 11:51 PM
Congressional investigators revealed that the number of extraordinary price hikes on drugs doubled between 2000 and 2008. The affected drugs mainly include special medications along with some popular products such as Bayer's antibiotic Cipro and the Eli Lilly schizophrenia treatment Zyprexa. The Government Accountability Office (GAO) cites more than 400 examples of unusual price jumps on brand-name drugs during the eight-year period, with many ranging from 100 percent to 499 percent. However, several exceeded 1,000 percent. It is majorly speculated that drug manufacturers are hiking prices in anticipation of health care reform legislation that could curb drug costs.
For more information:
http://topnews.us/content/29991-federal-report-reveals-drug-prices-high
For more information:
http://topnews.us/content/29991-federal-report-reveals-drug-prices-high