AARP

Drug price increases in 2003 nearly triple

Published in Managed Care Business Week, June 22nd, 2004

A new study released by AARP finds prices for those brand-name prescription drugs most frequently used by older Americans and available in January 2000 increased, on average, a cumulative 27.6% over the 4-year period 2000 to 2003 as compared to a general inflation rate of 10.4%.

This extensive retrospective study of prescription drug pricing by the pharmaceutical manufacturers - price increases that ultimately tend to be passed on to drug purchasers - is the latest action in AARP's campaign for affordable drugs. The study is one of two new activities the Association unveiled that will closely monitor the pricing actions of the industry. The other is the "Rx Watchdog...

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Source: Managed Care Business Week (2004-06-22)

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