The latest Rx Price Watch report finds that the cumulative change in retail prices for a combined set of prescription drugs widely used by Medicare beneficiaries was almost double the rate of inflation between 2005 and 2009. For a consumer who takes a prescription drug on a chronic basis, this translates into an increase in the annual cost of therapy of more than $1,000 over the same time period. These findings are attributable entirely to drug price growth among brand and specialty drugs, which more than offset substantial price decreases among generic drugs. … Back to Article
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