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It's a common belief that rising drug prices are due to the high cost of cutting-edge medications, with manufacturers charging a bundle to make back development expenses for their new products.
But drug companies have also been steadily hiking prices on older brand-name drugs, a new study reports.
Increasing prices for brand-name pills outpaced the nation's overall rate of inflation nearly fivefold between 2005 and 2016, with consumers paying about 9 percent more every year for the same old drugs between 2005 and 2016.