The Daily Journal: Prescription Drug Prices Jumped More than 10 Percent in 2015

The Daily Journal: Prescription Drug Prices Jumped More than 10 Percent in 2015

How much did prescription drug prices rise overall in 2015?

More than 10 percent — well in excess of the U.S. inflation rate — according to an analysis released Monday by Truveris, a health-care data company that tracks drug prices. The firm analyzes data involving hundreds of millions of payments that public and private insurers, businesses and patients make each year to U.S. pharmacies. The result is an index that measures the average price of prescription drugs, driven by the most commonly prescribed medications.

"We're in our third year of double-digit [increases]," said A.J. Loiacono, the firm's chief innovation officer, adding that the increases occurred across virtually every drug category. "Double-digit inflation is concerning. I don't care if it's for gas or food; it's rare."

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Topics: News

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Truveris Team