Pfizer, the biggest drug maker in the US increased the price of 133 products this year. Not only the company Pfizer, but also Rival Merck&Co.raised their price of 38 drugs. The overall price of drug increased 11 percent within one year in the US. According to the data, the profit of Pfizer dropped $49 billion in 2014. The leader of the company Richard Thicke stated that: “There was just no way around the price change. If we want to giving guys a raise, we had to raise the prices.’ Pfizer is one of the largest pharmaceutical company in the US. It gained the profit by increasing the price of its top products. The company used the increase in revue to innovate new drugs, and provide free health care to the poor people. Moreover, drug makers augured that the increase in price will not affect most of the consumers but the insurance company.
