New report highlights huge rise in US prescription drug costs

15 December 2016

The prices of prescription branded drugs widely used by older Americans rose by an average of 15.5% in 2015, some 130 times above inflation, according to a new report.

The latest Rx Price Watch study shows the average annual cost for one brand name drug used on a chronic basis now exceeds $5,800, up from $1,800 in 2006.

"These incredibly high price increases are still occurring in the face of the intense public and congressional criticism"

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