10% Increase in Cost of Brand-Name Drugs Most Used by Medicare Patients
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From: RGrannus on 30 May 2010 18:59 Prices for Brand-Name Drugs Most Used by Medicare Patients Jump Almost 10 Percent Biggest hike in eight years. by: Tauren Dyson | from: AARP Bulletin | May 18, 2010 http://www.aarp.org/health/drugs-supplements/info-05-2010/brand_name_drug_prices_jump.html?cmp=NLC-WBLTR-CTRL-52810-F1r-3 Brand-name prescription drug prices have jumped nearly 10 percent in the past 12 monthsthe biggest spike in eight years, according to a new AARP report. The AARP Rx Watchdog report released this week found that the cost of prescription drugs most commonly used by those in Medicare rose 9.7 percent over the 12-month period ending in March. The Alzheimers drug Aricept rose by nearly 14 percent, while the heart disease medication Plavix saw a 10.5 percent jump. Expensive specialty drugs, such as biologics or injectable drugs, saw a hike of 9.2 percent, the report found. The inflation rate remained virtually flat during the same period. Despite the price increase for brand names, the cost of generic drugs declined by an average of 9.7 percent. The study found that the average yearly costs for a person taking three generic medications dropped by $51, compared with a $706 increase for people taking three comparable brand-name prescriptions. |