Drug Prices Are On The Rise, But What Is Causing It? Mike Koelzer Explains


Drugmakers are starting 2019 with a slew of price hikes, affecting more than 1,000 medications.

The average increase amounts to about 6 percent, said Michael Rea, founder and CEO of RX Savings Solutions, which sells software that helps employers and health plans analyze drug prices. Among the best-known drugs getting costlier are the opioid OxyContin, with a 9.5 percent jump, and the blood thinner Pradaxa, up 8 percent.

What is causing big pharma to hike drug prices? Mike Koelzer from Kay Pharmacy dropped by West Michigan Live to explain


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