Issue: Drug Prices

Rising Drug Prices Strain Hospital Budgets

Rising costs of prescription drugs have strained hospital budgets and operations, forcing health systems to cut costs by reducing staff, according to a new study. Hospital drug spending increased by 18.5 percent between 2015 and 2017, a rate far exceeding medical inflation for the period. US community hospitals spent an average of $555.40 on prescription drugs for each admitted patient in 2017.

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