Rx Price Watch Report: Trends in Retail Prices of Prescription Drugs Widely Used by Older Americans: 2006 to 2013

Source: http://www.aarp.org/health/drugs-supplements/info-08-2010/rx_price_watch.html

The latest Rx Price Watch report by Leigh Purvis and Dr. Stephen Schondelmeyer finds that retail prices for widely used generic prescription drugs declined, on average, between 2006 and 2013. In 2013, retail prices for 280 generic prescription drugs widely used by Medicare beneficiaries fell by an average of 4.0 percent. In contrast, the general inflation rate was 1.5 percent over the same period. Specifically, the reports compare retail price changes with the rate of inflation. They also present differences in average price changes by manufacturer and by major therapeutic category. The sample of drugs studied was identified using 2006 data from a Medicare Part D plan provider, and changes in prices were measured using changes in the retail prices charged to consumers ages 50 and older enrolled in employer-sponsored health plans, as reported by the Thomson Reuters MarketScan® Research Databases. For more information, please contact the AARP Public Policy Institute at (202) 434-3890….

Source: http://www.aarp.org/health/drugs-supplements/info-08-2010/rx_price_watch.html

The latest Rx Price Watch report by Leigh Purvis and Dr. Stephen Schondelmeyer finds that retail prices for widely used generic prescription drugs declined, on average, between 2006 and 2013. In 2013, retail prices for 280 generic prescription drugs widely used by Medicare beneficiaries fell by an average of 4.0 percent. In contrast, the general inflation rate was 1.5 percent over the same period. Specifically, the reports compare retail price changes with the rate of inflation. They also present differences in average price changes by manufacturer and by major therapeutic category. The sample of drugs studied was identified using 2006 data from a Medicare Part D plan provider, and changes in prices were measured using changes in the retail prices charged to consumers ages 50 and older enrolled in employer-sponsored health plans, as reported by the Thomson Reuters MarketScan® Research Databases. For more information, please contact the AARP Public Policy Institute at (202) 434-3890….

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