Prescription Drugs:

Changes in Prices for Selected Drugs

HRD-92-128: Published: Aug 24, 1992. Publicly Released: Aug 26, 1992.

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Pursuant to a congressional request, GAO examined price increases for drugs purchased by pharmacies and the Department of Veterans Affairs, and the reasons companies raised the prices.

GAO found that: (1) the prices for most of the drugs increased more than the consumer price indexes for the 6-year period ending December 31, 1991; (2) the maximum price increases were generally greater than 100 percent; and (3) companies gave various general and undetailed reasons for the price increases because they considered pricing information confidential and proprietary.