http://wivb.com/2018/03/26/medicare-drug-prices-soar-at-10-times-rate-of-inflation-report-says/The prices of the 20 most commonly prescribed brand-name drugs for seniors have risen nearly 10 times more than the annual rate of inflation over the past five years, according to a congressional report released Monday.
The report examined the costs of the 20 most-prescribed drugs under the Medicare Part D program from 2012 to 2017. Twelve of the 20 drugs saw their prices increase by more than 50% over the five-year period and six had price increases of over 100%, the report found. Although 48 million fewer prescriptions were written for the top 20 most commonly prescribed brand-name drugs from 2012 to 2017, the report found that total sales revenue from these prescriptions increased by almost $8.5 billion during that period.
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