First-Ever Decline in Prescription Drug Prices in US in 45 Years

| December 10, 2019

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Reduction in the price of prescription drugs is a rare event. Several factors could be responsible for a decline in prices that affects the overall pharmaceutical industry. The US witnessed 1% reduction in the prices of prescription drugs in 2018, as revealed by the government.  Despite the modest decline in prices, it holds significance for the US pharmaceutical industry. This is because reduction in drug prices observed for the first time in 45 years across the US.  The Federal Department of Health and Human Services revealed several details about this decline in its annual report. The report also enunciates healthcare spending of the nation. The next decade is expected to witness key changes in the pharmaceutical sector of the US.

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Quick'rCare

Quick’rCare is the better immediate healthcare experience for every patient. Started in 2016, we’ve worked to fix the broken systems that get in the way of good immediate care by uniting modern patients and providers. It all started when our founder was trying to give some advice to a friend to go to an immediate care facility, but neither one of them knew where to go. So they searched online and asked friend close by, but they got all kinds of answer like the hospital, the local walk in clinic, and even to go home to mom! So this founder’s friend decided to walk into the hospital hours later and came out with huge bill. From there, the light bulb went off and Quick’rCare was born.

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Spotlight

Quick'rCare

Quick’rCare is the better immediate healthcare experience for every patient. Started in 2016, we’ve worked to fix the broken systems that get in the way of good immediate care by uniting modern patients and providers. It all started when our founder was trying to give some advice to a friend to go to an immediate care facility, but neither one of them knew where to go. So they searched online and asked friend close by, but they got all kinds of answer like the hospital, the local walk in clinic, and even to go home to mom! So this founder’s friend decided to walk into the hospital hours later and came out with huge bill. From there, the light bulb went off and Quick’rCare was born.

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