Business Insurance: Prescription Drug Prices Jumped More than 10 Percent in 2015

Business Insurance: Prescription Drug Prices Jumped More than 10 Percent in 2015

Prescription drug prices soared in 2015, continuing a trend established the previous year and driven largely by increases in the cost of brand-name drugs, according to an analysis published Monday.

The analysis by health care analytics company Truveris Inc. showed that overall prescription drug prices rose 10.4% last year, compared with 10.9% in 2014.

Prices for brand-name drugs in 2015 grew 14.8%, flat compared with the previous year, New York-based Truveris said.

Specialty drugs grew 9.2%, compared with 9.7% in 2014, and generic drugs climbed 2.9%, down from the previous year's cost increase of 4.9%, according to the analysis.

Read more

Topics: News

Posted by

Truveris Team