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BIG PHARMA POLITICS: Consumers pressure politicians to do something about rising drug prices. Read More

Will Big Pharma take advantage of COVID-19 to raise prices?

Generic drugs cost

Could the pharmaceutical industry leverage the COVID-19 pandemic to raise drug prices? That’s what a majority of Americans are afraid of, according to a new study by West Health and Gallup.

The research found that nearly nine in 10 U.S. adults are concerned that the COVID-19 pandemic will create an excuse for pharmaceutical companies to raise prices on prescription drugs. The survey is part of an ongoing special study by West Health and Gallup to assess U.S. public opinion on the cost of health care.

When we asked the Voices for Affordable Health community about their No. 1 health concern, more than 18 percent said they’re most worried about the rising cost of prescription medication.

Even before COVID-19, prescription drug costs were a concern for Americans. A prior study from West Health and Gallup reported that more than 13 percent of American adults know at least one friend or family member in the past five years who died after not receiving needed medical treatment because they were unable to pay for it.

West Health and Gallup’s research serves to remind policy makers that Americans don’t just fear infection or job loss from COVID-19, but are concerned with the increased cost of prescription drugs.

Have you seen your drug prices increase since the start of the COVID-19 pandemic? Share your story.