Patient advocacy group warns of steep price rises for certain medicines
A report from advocacy group AARP - the American Association of Retired Persons - has found that retail prices for 768 prescription drugs commonly used by older adults increased by an average of 6.4% in 2015, despite a low inflation rate of 0.1% for the period.
The group described it as “at least the 12th straight year of substantial retail price increases for prescription drugs, according to the latest in a series of AARP Public Policy Institute reports that began tracking drug prices in 2004.”
The new report, called "Rx Price Watch Report: Trends in Retail Prices of Prescription Drugs Widely Used by Older Americans, 2006-2015," looked at retail prices of a combined set of 268 brand name, 399 generic, and 101 specialty drugs widely used by older Americans, including Medicare beneficiaries, over ten years.
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