Congressional Digest

Congressional Digest January 2021 No. 1 Vol. 100
U.S. Prescription Drug Spending

Drug Pricing

Pros & Cons of the Lower Drug Costs Now Act

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U.S. Prescription Drug Spending

Why are prices rising, and what can the government do about it?

Prescription drug affordability has gained renewed attention in the past few years, as retail drug spending has risen at the fastest pace in more than a decade. There are several reasons for the increase in drug spending. Manufacturers have been introducing new drugs at a record rate and raising prices for existing brand-name products. …

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