Pharmalot: Prescription Drug Price Hikes are Slowing this Year

Pharmalot: Prescription Drug Price Hikes are Slowing this Year

The price tags for prescription drugs are a red-hot issue that is increasingly causing concern among consumers, physicians and insurers. Even some presidential aspirants are speaking out.

But how much are prices rising so far this year?

A new analysis finds that prices rose 9.1 percent through Sept. 30 for all types of medicines, which trails the 10.9 percent increase seen in 2014, according to Truveris, a health care technology firm that tracks drug pricing. Each month, the company regularly analyzes claims data involving more than 300 million payments to U.S. pharmacies for prescriptions and develops composite figures.

“We are seeing some easing,” said AJ Loiacono, the firm’s chief innovation officer and a co-founder. “So far, at least, the prices are not being raised at the same pace as in past.”

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Topics: News

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Truveris Team