Drugs for Older Americans Rose an Average of 15.5% in 2015 According to AARP Report

Retail prices for brand name prescription drugs widely used by older Americans rose by an average of 15.5% in 2015 —almost 130 times faster than the 0.1% general inflation rate—according to a new AARP Public Policy Institute (PPI) report released today.Click on image for an enlarged viewAARP ’s Rx Price Watch Report: Trends in Retail Prices of Brand Name Prescription Drugs Widely Used by Older Americans, 2006-2015, shows that the average annual cost for one brand name drug used on a chronic basis now exceeds $5,800. Five of the six drugs with the highest cumulative price increases over the study period were marketed by Valeant Pharmaceuticals. The retail price of Valeant's anti-anxiety drug, Ativan 1 mg tablets,  increased by 2,873% between 2006 and 2015.Click on image for enlarged view.Which companies raised prices the most? Crooked Valeant, of course, tops the list. But can you guess who is #2, #3, etc? Click"Read more" for the answer.Read more »
Source: Pharma Marketing Blog - Category: Pharmaceuticals Tags: AARP Drug prices Valeant Source Type: blogs