More than two dozen big buyers of prescription medicines expect that prices will rise by an average of 7% annually over the next three years, a slight uptick from a year ago. And 38% believe that a “substantial portion” or three quarters, of the anticipated increases can be attributed to a shift to higher-priced, newer therapies, up sharply from 13% a year ago, according to a new survey.

Interestingly, projections for price hikes over the next three years are actually flat on a weighted average basis, which represents a reversal in a decades-long trend. But there is a caveat. This change is driven primarily by just one respondent — a very large purchaser that is effectively an outlier.

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  • Looks like their previous predictions were inaccurate and unreliable. Why should we believe the latest wild guesses?

    • Hi Adam
      No reason to believe any one person’s crystal ball, but as a window into sentiment, the temperature reading is interesting. And there’s also the take on biosimilar adoption.
      Cheers
      ed at pharmalot

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