US drug spending up and forecast to keep growing

10 May 2019

Industry analyst IQVIA has released its 2019 Medicines Report on US Drug Consumption, showing that in 2018, spending on all US medicines increased 4.5% to $344 billion.

Patients are also spending more, with out-of-pocket costs for retail prescription drugs reaching $61 billion, a $2 billion increase compared with 2017.

The increase in spending on drugs comes despite lower price growth, and has been attributed to higher patient use of new and protected brands.

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