FirstWord Pharma: Price of Prescription Drugs Rose over 10 Percent in US Last Year

FirstWord Pharma: Price of Prescription Drugs Rose over 10 Percent in US Last Year

An analysis released Monday by healthcare data company Truveris showed that US prescription drug prices lifted 10.43 percent in 2015, with the cost of branded medicines jumping 14.77 percent. Meanwhile, the price of specialty drugs rose 9.21 percent, with the cost of generic medicines increasing 2.93 percent.

"These new figures underscore growing concerns about the increasingly prohibitive costs of prescription medications – a matter that prompted extensive debate in 2015 among presidential candidates, congressional representatives, healthcare providers and pharmaceutical executives," remarked AJ Loiacono, chief innovation officer at Truveris, adding "even as pressures mount, the trend of rising costs shows no signs of stopping."

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Topics: News

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Truveris Team