Prices Spike for Some Generic Drugs

Prices Spike for Some Generic Drugs

When Carol Ann Riha, 57, filled her prescription for the generic cholesterol-lowering drug Pravastatin, she was in for sticker shock. For months she’d been paying $4 for a 30-day supply. Suddenly the price had climbed more than four times as high, to nearly $19. “I asked my pharmacist why, and she had no answer,” says Riha, a retired journalist who lives with her husband in West Des Moines, Iowa.

Around the same time, Riha’s generic hormone replacement medication, which had averaged about $40 a month out of pocket, soared to $101. On a fixed income, Riha keeps track of every penny. By her accounting, the drugs that cost her $849 in 2013 almost doubled in price last year, to $1,700.

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