Report: Prescription Drug Prices Hiked
Posted on: Wednesday, 21 June 2006, 09:00 CDT
U.S. consumer advocates say prescription drug prices in the year's first quarter shot up, just as a generous Medicare medicine plan went into effect.
AARP said prices charged by pharmaceuticals for brand-name medicine rose 3.9 percent, four times the general inflation rate during the first three months of this year and the largest quarterly price increase in six years, The New York Times reported Wednesday.
The AARP conclusions mirror a separate report from Families USA, a patient advocacy group that found similar trends among brand-name drug prices.
The Pharmaceutical Research and Manufacturers Association said in a statement that such accusations are erroneous, because consumer drug prices had increased less than 2 percent since Jan. 1. However, PRMA reached its conclusions by combining prices for brand-name and cheaper generic drugs, as well as various medical supplies.
Source: United Press International
Related Articles
- Computerized Support Keeps Prominence Of Name Brand Drugs At Bay
- American Oriental Bioengineering's 'Jinji Capsules' and 'Boke Nasal Spray' Designated Among 'China's Top Branded Drugs of 2009'
- Drug Names That Sound Alike Create Dangers For Patients
- Drug Name Similarities Cause Errors
- To Control Japan's Total Health Care Expenditures Devoted to Drugs, the Government Sets the Reimbursement Prices for New Branded Drugs
- Generic Statins to Shrink Prices, Brand Power of Cholesterol Pills
- High-Priced Genzyme Drug is OK'D
- FDA Seeks to Avoid Confusing Drug Names
- Huge Fall in Price of Drugs on Street
- Drug Name Confusion: Preventing Medication Errors
 |
 |
User Comments (0)
RSS Feeds