US branded medication prices have doubled since 2011, figures show
The average price of brand-name drugs in the US rose 16.2% in 2015, with the rise since 2011 now at 98.2%, according to pharmacy benefits manager Express Scripts (Nasdaq: ESRX).
A third of branded products went up by more than 20%, its Prescription Price Index shows.
Express Scripts, in the 20th edition of its annual Drug Trend Report, put the rise down to specialty medications – high-cost therapies for the treatment of complex conditions such as rheumatoid arthritis and cancer.
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