"Big Pharma Raises Prices for 700+ Medications, Including Ozempic and Mounjaro"

Pharmaceutical companies have increased prices for over 700 medications, including popular drugs like Ozempic and Mounjaro, with an average price hike of about 4.5% at the start of the year. Drugs like Ozempic and Mounjaro, known for their weight-loss effects, have seen price increases of 3.5% and 4.5% respectively. However, some medications, including insulin products, have seen significant price drops, with Novo Nordisk insulin products declining by 75%. The Biden administration and health policy experts have been addressing the high cost of insulin, with Medicare capping the monthly price at $35, prompting some drugmakers to reduce prices.