Posted by MSNBC Live on Sunday, February 24, 2021 06:31:56 The first three months of 2021 were the most expensive for U.S. consumers in the first three years of a Trump administration, according to a new report.
The Centers for Medicare and Medicaid Services reported that the median price of prescription drugs and health services in the U.K. rose by almost 3% in 2021, the first time that’s happened since the recession.
U.S., Canada, France and Germany also saw declines.
In Canada, the average cost of prescription medications was up by almost 2% in 2020, compared to a year earlier.
Average annual inflation in the United States rose by 3.7% to 2.5% in the second quarter, compared with a year ago.
Vons is the biggest pharmacy chain in Canada, but it’s not the only one.
For example, Vans has a joint venture with Rite Aid, a pharmacy chain with a huge pharmacy network.
CVS Health, another pharmacy chain, saw its average price of health care services rise by more than 4%.
In the U, prices of generic medications, including antibiotics, dropped by about 2%.
The generic price index in Canada is up about 4%.
Vons has a contract with a major health insurer to sell its drug products, and the company is in talks with drugmakers to buy out some drugmakers, according, Bloomberg.
Other top competitors to Vons include CVS Caremark and Rite Aid.
Vons says it expects the U to spend about $2.9 trillion on prescription drugs by 2021, compared of $1 trillion a year later.
That’s about 2.8% of GDP, compared the U’s 4.9% economic growth rate.
And Vons plans to spend an average of $3,700 per prescription in the next 10 years, compared for the same period last year.
It says it’s in talks to acquire several drugmakers including Johnson & Johnson, Pfizer, Bristol-Myers Squibb, Abbott and Regeneron.