{"id":28347,"date":"2020-01-24T08:00:34","date_gmt":"2020-01-24T08:00:34","guid":{"rendered":"https:\/\/www.edrugstore.com\/blog\/?p=28347"},"modified":"2020-01-22T18:50:07","modified_gmt":"2020-01-22T18:50:07","slug":"how-much-are-prescription-prices-expected-to-rise-in-2020","status":"publish","type":"post","link":"https:\/\/www.edrugstore.com\/blog\/erectile-dysfunction\/how-much-are-prescription-prices-expected-to-rise-in-2020\/","title":{"rendered":"How Much Are Prescription Prices Expected to Rise in 2020?"},"content":{"rendered":"

Drug prices continue to rise in the United States, adding political pressure for a solution in the 2020 election cycle.\u00a0<\/em><\/p>\n

Despite a large number of Americans having difficulty paying for their prescription medications, drug prices continue to rise<\/a> in the United States. The first day of 2020 brought an increase in drug prices<\/a> for more than 50 drugs. Patients across the nation already question current prescription drug prices, making the 2020 price increases a likely topic for political debate in the upcoming presidential election.<\/p>\n

The average drug price increase is approximately 4.5%, which is significantly higher than the anticipated rate of general inflation (1.9%)<\/a>. In 2019, a total of 629 brand name and generic medications<\/a> increased in price by an average of 8.2%. The vast majority of the 629 drugs were brand names (561). Though the 2020 price increases are higher than general inflation, the majority of increases have remained below 10%<\/a>.<\/p>\n

Read ahead to learn more about what the increase in drug prices might mean for 2020, as well as hope for saving money through the use of generic medications.<\/p>\n

Predicting the 2020 Increase<\/h3>\n

\"White<\/p>\n

The Vizient Drug Price Forecast<\/a>, released in 2019, predicted an average price increase of 4.57% for prescription medications purchased in 2020. What was alarming to some was the fact that increases were forecasted to affect both brand name and generic prescription drugs. The main takeaway from the 2019 report was that pharmaceutical costs would continue to rise at a rate that exceeds general inflation and wage growth, placing more pressure on Americans already struggling to pay for their medications.<\/p>\n

The Vizient Drug Price Forecast highlighted other alarming trends<\/a> related to rising drug costs. Among these predictions were:<\/p>\n