Hospitals: Slammed by drug costs
Hospitals are getting slammed by sharp price increases in prescription drugs, and the industry is urging Congress to take up the issue.
A study released Tuesday by the two biggest hospital lobbying groups found that overall, hospitals’ average annual inpatient drug spending increased by more than 23 percent between 2013 and 2015.
The study for the American Hospital Association and the Federation of American Hospitals found higher prices were primarily responsible for the spending increase.
NORC at the University of Chicago, which conducted the study, is an independent research organization.