Navigation Links
Diabetes Drugs Emerge as Top Force in Drug Spending Growth
Date:5/15/2008

- Generics Lead to Plunge in Cholesterol Drug Spending Despite Higher Use -

- Cancer Drug Spending Seen Surging 46-53 Percent Through 2010 -

- Drug Trend Drops to All-time Low 2 Percent -

FRANKLIN LAKES, N.J., May 15 /PRNewswire-FirstCall/ -- Diabetes treatments are now the leading driver of prescription drug spending growth, displacing lipid-lowering drugs which fell precipitously after a decade of reigning in the top position, as generic drugs cut the cost of treating high cholesterol. These new findings were reported by Medco Health Solutions Inc. (NYSE: MHS), the nation's leading pharmacy benefit manager, in its just-released 2008 Drug Trend Report, a comprehensive analysis of prescription drug spending and utilization.

The report shows that despite continued growth in the use of cholesterol drugs, spending fell 8.5 percent in 2007 as usage of lower-cost generic versions of Pravachol and Zocor expanded in the marketplace, resulting in lipid-lowering medications experiencing the greatest spending decline of all drug categories. Meanwhile, spending on diabetes drugs increased 12 percent due to shifts toward higher-cost treatments, brand-name drug price inflation, and moderate growth in the number of patients receiving treatment.

For a decade, cholesterol drugs were the largest driver of drug trend -- a measure of spending growth for pharmacy benefit plans. These medications still account for a sizable 10.8 percent of all prescription costs with utilization rising 5.9 percent last year as new clinical guidelines expanded the population that can benefit from these treatments.

"Generic drugs have been a tremendous asset in controlling runaway health care costs," Medco Chairman and CEO David B
'/>"/>

SOURCE Medco Health Solutions Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine news :

1. AUDIO from Medialink and Eli Lilly and Company: F.A.C.E. Diabetes
2. International Diabetes Federation gives grant to metabolic syndrome research project in Australia
3. Chrysler LLC Vice Chairman and President Jim Press and His Wife Suwichada Serve as Honorary Co-Chairs of Annual Juvenile Diabetes Research Foundation Promise Ball
4. TAXUS(R) Express(R) Stent Shows Similarly Low Re-Intervention Rates in Patients with Diabetes Compared to Non-Diabetics in ARRIVE Registry Program
5. Market Research Shows Spherixs Naturlose(R) Readily Accepted by Diabetes Patients
6. Suspected cause of type 1 diabetes caught red-handed for the first time
7. Fetal Gene May Contribute to Diabetes Risk
8. New report: Arthritis is a potential barrier to physical activity for adults with diabetes
9. International Diabetes Federation gives grant to Philippine diabetes education program
10. Leading Advocacy Groups Set National Diabetes Goal
11. Diabetes Seems to Heighten Glaucoma Risk
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/1/2015)... (PRWEB) , ... September 01, 2015 , ... ... barriers and international borders seldom arise at the most convenient time for everyone ... always ready to help. , Universal Translation Services has real people ...
(Date:9/1/2015)... ... 01, 2015 , ... Éminence Organic Skin Care is adding ... Peels. This revolutionary collection of natural peel solutions complements the existing routine for ... Formulated with alpha hydroxy acids and natural active ingredients, these results-oriented peels deliver ...
(Date:9/1/2015)... ... 01, 2015 , ... AdvantagePlusCaregivers.com® provides information on defining what ... to look for and expect when searching for resources, as well as a ... Park, CA by CEO, Richard Weatherman and Co-Founder Piroska Zalkadi, AdvantagePlusCaregivers.com® grew exponentially ...
(Date:9/1/2015)... CINCINNATI, OHIO (PRWEB) , ... September 01, 2015 , ... ... US today at JourneyLite of Cincinnati. In the last month the FDA has ... ReShape Duo ™. These procedures represent the first incisionless, reversible, weight loss ...
(Date:9/1/2015)... Texas (PRWEB) , ... September ... ... LLC, announced today it has established the MAP Recovery Network, the Premier ... addiction treatment providers. This rapidly-growing alliance is dedicated to the provision of ...
Breaking Medicine News(10 mins):Health News:Universal Translation Services Provides Quality Translations 24 Hours a Day Including Weekends 2Health News:Universal Translation Services Provides Quality Translations 24 Hours a Day Including Weekends 3Health News:Éminence Organic Skin Care Introduces Results-Oriented Exfoliating Peels for Every Skin Type 2Health News:Éminence Organic Skin Care Introduces Results-Oriented Exfoliating Peels for Every Skin Type 3Health News:AdvantagePlusCaregivers.com® Launches New Website for Corporate and Franchisee Locations in 3 States 2Health News:Dr. Trace Curry Performs First ORBERA™ Intra-gastric Balloon in Ohio at JourneyLite, a New Incisionless Option For The Treatment of Obesity 2Health News:MAP Health Management Launches the MAP Recovery Network 2
... in London, Tampa and Sydney had selected Shadow Technology,s ... a number of different products. , ... ... today announced that Faircount Media Group, based in London, Tampa ...
... September 11, the,Pennsylvania smoking ban will filter into public ... families to make their homes and cars,smoke-free too," said ... Ibrahim was co-author of a recent report on smoking ... on Cancer., She and her colleagues reviewed the ...
... Appreciation for Guests, PITTSBURGH, Sept. 10 , ... Park shows its appreciation to guests for supporting the,chain,s smoke-free policy ... Thursday, September 11, 5 p.m. to 8 p.m. (with ... locations Details: Eat,n Park -- the state,s leading family dining ...
... TO SCHOOLS,SLASHED BY 58 PERCENT, NEW YORK, ... that the beverage industry continues to significantly cut,calories ... period of,the national School Beverage Guidelines. The Alliance ... William J. Clinton Foundation and the,American Heart Association, ...
... psychological, respiratory woes, latest NYC report finds , , WEDNESDAY, ... after the 9/11 terrorist attacks, psychological trauma and new ... the World Trade Center Health Registry, according to the ... on the eve of the seventh anniversary, the study ...
... Sept. 10 Staff from Anthem Blue Cross and,Blue ... in,a phone bank organized by WTMJ television to answer ... with questions about,health insurance can call the phone bank ... will be promoted on WTMJ,s newscasts and will take ...
Cached Medicine News:Health News:Faircount Media Group Choose "Call-Shadow" for IP Call Recording After Extensive Market Review 2Health News:Faircount Media Group Choose "Call-Shadow" for IP Call Recording After Extensive Market Review 3Health News:Faircount Media Group Choose "Call-Shadow" for IP Call Recording After Extensive Market Review 4Health News:PA's Smoking Ban Should Filter Into Homes and Cars Too, According to Temple University Expert 2Health News:Beverage Industry Continues Cutting Calories in Schools, Delivering on Its Commitment to Change Beverage Mix 2Health News:Beverage Industry Continues Cutting Calories in Schools, Delivering on Its Commitment to Change Beverage Mix 3Health News:Beverage Industry Continues Cutting Calories in Schools, Delivering on Its Commitment to Change Beverage Mix 4Health News:9/11's Health Effects Lingered for Years 2Health News:9/11's Health Effects Lingered for Years 3
(Date:9/1/2015)... MOUNTAIN VIEW, Calif. , Sept. 1, ... of the cardiovascular image management market, Frost ... with the 2015 European Frost & Sullivan ... Netherlands -based PMI has designed innovative ... product lines—which deliver precise and reproducible quantitative ...
(Date:9/1/2015)... 1, 2015  Abbott (NYSE: ABT ) announced today ... randomized trial comparing the safety and effectiveness of Abbott,s ... , Abbott,s market-leading, permanent drug eluting stent. The trial ... and enrolled 400 people with coronary artery ... results will be featured at a late-breaking session today ...
(Date:9/1/2015)... September 1, 2015 BerGenBio AS ... announces that it has appointed Hilde Furberg ... to its Board of Directors, effective immediately. ... experience in pharma and biotech and is currently Senior ... company. Previously her role was Vice President and General ...
Breaking Medicine Technology:Frost & Sullivan Applauds Pie Medical Imaging for Highly Innovative Quantitative Software for Cardiovascular Diagnosis 2Frost & Sullivan Applauds Pie Medical Imaging for Highly Innovative Quantitative Software for Cardiovascular Diagnosis 3Frost & Sullivan Applauds Pie Medical Imaging for Highly Innovative Quantitative Software for Cardiovascular Diagnosis 4Frost & Sullivan Applauds Pie Medical Imaging for Highly Innovative Quantitative Software for Cardiovascular Diagnosis 5Abbott Announces Positive Results of Its Naturally Dissolving Stent from ABSORB Japan Study 2Abbott Announces Positive Results of Its Naturally Dissolving Stent from ABSORB Japan Study 3Abbott Announces Positive Results of Its Naturally Dissolving Stent from ABSORB Japan Study 4BerGenBio Appoints Non-Executive Directors 2
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
Medicine Products: