Hospitals, pharmacies struggles with rising drug prices

Health care providers are increasingly feeling the sting of rising drug costs - Courtesy of Images Money/Flickr
Health care providers are increasingly feeling the sting of rising drug costs. | Courtesy of Images Money/Flickr

Ascension Health, the largest nonprofit heath care system in the U.S., publicly banned two drug company sales representatives last month. It was a symbolic gesture by the St. Louis-based company, aimed at sending a message to drug companies over rising prices.

“The effect of the ban has been to galvanize other provider systems to speak out against these arbitrary and debilitating price increases,”‘ Ascension Health spokesperson Nick Ragone said.

Both large and small health care providers are struggling with the rising prices, and the government is beginning to notice their plea. Several congressmen announced plans to hold hearings on the subject, and the U.S. Justice Department is investigating price hikes as well.

Read more in the St. Louis Post-Dispatch


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