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Drug Industry Raises Prescription Drug Prices

HeadlineNov 17, 2009

In other medical news, the New York Times reports the drug industry has raised the wholesale prices of brand-name prescription drugs by about nine percent in the past year. By at least one analysis, it is the highest annual rate of inflation for drug prices since 1992. Critics say the industry is trying to establish a higher price base before Congress passes legislation that tries to curb drug spending in coming years.

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