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Double-Digit Drug Price Increases Will Continue

Tue, 04/18/2000 - 11:00pm — Karen Stevenson
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The Health Insurance Association of America announced that spending for prescription drugs is likely to continue to rise at double-digit rates over the next five years, and 40 cents of each new dollar spent on drugs will go for "pipeline drugs" drugs that currently are in development. Total prescription drug expenditures are estimated to double between 1999 and 2004 from $105 billion to $212 billion. They also report that 70% of the most commonly used drugs and 37% of the most frequently prescribed drugs have increased in price.

This research was sponsored by Blue Cross and Blue Shield Association (BCBSA) and the Health Insurance Association of America (HIAA).

The Health Insurance Association of America announced that spending for prescription drugs is likely to continue to rise at double-digit rates over the next five years, and 40 cents of each new dollar spent on drugs will go for "pipeline drugs" drugs that currently are in development. Total prescription drug expenditures are estimated to double between 1999 and 2004 from $105 billion to $212 billion. They also report that 70% of the most commonly used drugs and 37% of the most frequently prescribed drugs have increased in price.

This research was sponsored by Blue Cross and Blue Shield Association (BCBSA) and the Health Insurance Association of America (HIAA).