Home
Newsletter
Events
Blogs
Reports
Graphics
RSS
About Us
Contact Us
Write for Us
Media Info
Advertising Info
Health news

Prescription drug prices rise four times faster than inflation; biggest jump in six years

Wednesday, June 21, 2006 by: NewsTarget
Tags: health news, Natural News, nutrition


Most Viewed Articles
https://www.naturalnews.com/019442_drug_prices_inflation.html
Delicious
diaspora
Print
Email
Share

(NewsTarget) -- Two reports released by the American Association of Retired Persons (AARP) found that prices of brand-name prescription drugs in the United States rose nearly four times as fast as the inflation rate in the first quarter, while the prices of generic drugs remained unchanged.

The most widely prescribed brand-name drugs rose by an average of 3.9 percent in the first quarter, while inflation was at 1.1 percent. The AARP said this year's first-quarter price jump was the biggest in the six-year time span covered by the report. Conversely, this quarter marked the first time makers of generic drugs didn't raise prices since the AARP began its tracking in 2001.

"Not only are (generic drugs) cheaper, but the gap between the price for generics and the price for brand-name drugs is growing," said Larry Levitt, vice president of the Kaiser Family Foundation, a California-based health care non-profit.

The largest price increase was for the popular sleeping drug Ambien by Sanofi-Aventis SA -- recently linked with bizarre sleep behaviors such as sleep driving -- which rose 9.9 percent in the first quarter. Pfizer's cholesterol drug Lipitor -- the world's best-selling drug -- experienced a 6.5 percent price increase.

Ken Johnson, a spokesman for the Pharmaceutical Research and Manufacturers of America (PhRMA), called the AARP reports' conclusions "erroneous" and said the "good news" for American seniors was that "drug prices are growing at a rate identical to medical inflation."

However, the AARP called the price increases a "disturbing reversal," since prior to this year's first quarter, drug price gains had been slowing since mid-2004.

###

Permission is granted to reprint this article in its entirety provided the source (NewsTarget) is clearly cited and a clickable link is provided to https://www.naturalnews.com/019442_drug_prices_inflation.html


Receive Our Free Email Newsletter

Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.


comments powered by Disqus


Natural News Wire (Sponsored Content)

Science.News
Science News & Studies
Medicine.News
Medicine News and Information
Food.News
Food News & Studies
Health.News
Health News & Studies
Herbs.News
Herbs News & Information
Pollution.News
Pollution News & Studies
Cancer.News
Cancer News & Studies
Climate.News
Climate News & Studies
Survival.News
Survival News & Information
Gear.News
Gear News & Information
Glitch.News
News covering technology, stocks, hackers, and more