Prescription Drug Prices Increase 37 Percent In Last Decade

NEW YORK, NEW YORK - JULY 23: In a photo illustration, prescription drugs are seen in a pill bottle on July 23, 2024 in New York City. A major issue in the presidential race between both parties is the increase in prescription drug prices, an issue that especially energizes older voters. From 2022 to 2023 the average increase of drug prices in the U.S. was 15.2%, higher than the inflation rate, according to the U.S. Department of Health and Human Services. (Photo illustration by Spencer Platt/Getty Images)