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Put together to Pay Extra for These Medication in 2022

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Drug price increases typically happen at the beginning of each year, and 2022 is no exception, according to GoodRx.

The website – which collects pharmacy prescription drug prices across the country – tracks these annual increases.

The GoodRx research team found that prices for 669 drugs in 2022 have increased an average of 5% so far this month.

From January 10th they will include:

  • 658 branded drugs, the price of which has increased by an average of 4.9%
  • 11 generics, the price of which has increased by an average of 10.3%

In comparison, for the entire month of January 2021, 832 drugs increased by an average of 4.6%.

The analysis shows that the largest increase in drug prices to date in 2022 is 56.9% for calcium acetate, which is used to treat high blood phosphorus levels in kidney dialysis patients.

The biggest drug price increases of 2022 – so far

According to GoodRx, the biggest price increases to date in 2022 will be for the following 14 drugs:

  • Calcium acetate: 56.9%
  • Solu-Cortef: 16.8%
  • Tyblume: 15.8%
  • Matulane: 15%
  • Rating: 15%
  • Nucynta Er: 15%
  • Bicillin-Cr: 10%
  • Bicillin Cr 900/300: 10%
  • Bicillin LA: 10%
  • Depot estradiol: 10%
  • Fragmin: 10%
  • Neoprofen: 10%
  • Paclitaxel: 10%
  • Camptosar: 10%

For a full list of drugs that have seen price increases so far this month, please visit GoodRx’s website.

If you’re wondering why you’ve never heard of most medications, GoodRx found that drugs that go up in price are generally specialty drugs that aren’t widely prescribed.

The website also notes that it tracks list prices, which is the prices that manufacturers set for their drugs. List prices are generally different from the prices consumers pay for their prescriptions – although list prices still serve as a kind of barometer.

As GoodRx explains:

“Few patients pay this price because they are usually shielded from their health insurance. But the list price is still a good proxy for the price of a drug. Essentially, rising list prices lead to rising own costs for patients. “

Why are prescription drug prices rising?

According to a study published in Health Affairs in 2019, the reasons for drug price increases vary depending on the type of drug.

The research was based on an annual review of drug prices (including oral and injected drugs) from 2008 to 2016.

Generic and specialty drug price increases are primarily driven by new product launches – meaning the price increases are mainly due to new drugs entering the market, the study said.

However, price increases in branded drugs are primarily driven by the impact of inflation on the prices of existing drugs.

Senior study author Inmaculada Hernandez, assistant professor of pharmacy at the University of Pittsburgh, told National Public Radio:

“The main message of our study should be that the price increases for branded drugs were largely driven by year-on-year price increases for drugs already on the market.”

This saves you on recipes

Rapidly growing prices make it all the more important to shop smart when redeeming recipes.

Here are a few tips for saving:

  1. Use a cheaper pharmacy: Different pharmacies often charge different prices for the same drug, so do your research. Also, don’t overlook storage chains like Costco or Sam’s Club – you generally don’t need to be a member to use their pharmacies.
  2. go online: Price comparison sites are a great tool – “5 Web Sites You Should Check Before Buying Recipes” explains how and where to search.
  3. Find a Better Medicare Deal on Medicines: If you have Medicare health insurance, see if you can save money switching tariffs, whether you have a Medicare Advantage plan or a Medicare Part D drug plan. How to Save Hundreds of Dollars on Medicare Drug Costs explains how to shop and how to find free Medicare help through a government health insurance program (SHIP). Be sure to consult a SHIP expert before switching as switching Medicare plans can be risky, as we have reported.

Disclosure: The information you read here is always objective. However, sometimes we get compensation when you click on links in our stories.

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