Navigation Links
Drug Prices Rising Faster Than Inflation

A recent report has revealed that the prices of brand-name prescription drugs that are commonly used by older Americans are rising// faster than the rate of inflation.

However AARP's quarterly Rx Watchdog Report shows that prices of the 75 generic drugs commonly used by older Americans remain unchanged.

AARP survey of around 200 brand-name prescription drugs found that there was an increase in prices by 6.3 percent during the 12 months up to the second quarter of June 2006. The group found that this increase was more than the rate of inflation that was 3.8 percent over the same period.

Some of the drugs which showed the maximum year-to-date increases were Adventis' Ambien, a sleeping pill, 5 milligram, with an inconceivable rise of 13.3 percent price hike; Pfizer's Atrovent Inhaler showing a price hike of 12 percent, Boehringer Ingelheim's Combivent, a bronchodilator aerosol, also with a rise of 12 percent; Adventis' Ambien 10 mg. with a 9.9 percent price hike; and GlaxoSmithKline's Wellbutrin, an antidepressant, 150 mg, having a 9.4 percent price hike.

The lowest price increases were for the drug companies Monarch and Takeda (0.0 percent) and Lilly (2.5 percent). According to report author Susan Raetzman, associate director of the AARP Public Policy Institute the rate of price increases is the same as it has been in recent years, said report. She said, "When you look at how that translates to the cost of the drug to people, it's an increase of over $70 a year for a drug that's taken on a regular basis. And that's quite a bit higher than it has been in the past."

The average increase in drug costs for older Americans works out to around $300 a year, according to the report. Raetzman said that drug companies keep raising prices because they can. She said, "There really aren't market forces at work. They don't have competitors."

In addition Raetzman noted that prices are likely to go up for those in Medicare
'"/>




Page: 1 2

Related medicine news :

1. Drug Prices in India to be Monitored - NPPA to Tie up with ORG
2. Delhi Sees Sharp Decline In Chicken Prices
3. Prices of eggs, egging its way upwards
4. Chicken Prices Show an Upward Trend – Consumers, Not Scared Chicken Anymor
5. Drug Prices Hit The Roof In Malaysia
6. Brand Name Drug Prices Zoom
7. Impact of New Drug Retail Prices Soon: Paswan
8. List of 886 Drug Prices that has been Reduced by Govt. of India
9. Fixation of Prices of Drugs
10. New Drugs Prices Control Order to Be Issued After Finalisation of New Pharmaceutical Policy
11. With More Appearance Conscious Consumers The Need For Slimming Products Is Rapidly Rising
Post Your Comments:
*Name:
*Comment:
*Email:
TAG: Drug Prices Rising Faster Than Inflation

(Date:7/11/2014)... (PRWEB) July 11, 2014 Volunteers from ... against drug abuse this week with drug education lectures, ... education booklet distribution in cities around the world. , ... U.S. National Institute on Drug Abuse, abuse of alcohol ... annually in crime, lost work, decreased productivity and healthcare. ...
(Date:7/11/2014)... Well Intervention Market report defines and segments the well intervention ... well intervention services market in Europe is estimated to grow ... 2018, at a CAGR of 7% from 2013 to 2018. ... Market report, to get an idea of the in-depth analysis ... the Europe well intervention market, and is supported by various ...
(Date:7/11/2014)... July 11, 2014 (HealthDay News) -- In people with ... are similar to that seen in drug addicts as ... are clear differences in brain activity between patients who ... mirror those of drug addicts," study author Dr. Valerie ... in a university news release. Voon,s research involved ...
(Date:7/11/2014)... 2014 The report “Probiotics Market ... Animal Feed), Applications (Regular, Therapeutic, Preventive Health Care) ... & Forecasts to 2019 ” defines and segments ... forecasting of the market value of probiotic products ... and restraining factors for the global market with ...
(Date:7/11/2014)... are widely applied in turf and ornamentals. They enhance ... turf and ornamentals in absorption of water, nutrient uptake, ... appear healthy and strong as a result of using ... few years. The most dominating region in biostimulants markets ... share in 2013, and is estimated to grow at ...
Breaking Medicine News(10 mins):Health News:Scientologists Taking Action against Drug Abuse 2Health News:Scientologists Taking Action against Drug Abuse 3Health News:Europe Well Intervention Services Market is Expected to Reach $3.4 Billion by 2018 - New Report by MicroMarket Monitor 2Health News:Europe Well Intervention Services Market is Expected to Reach $3.4 Billion by 2018 - New Report by MicroMarket Monitor 3Health News:Brains of Sex Addicts May Be Wired Like Those of Drug Addicts, Study Finds 2Health News:Probiotic Ingredient Market worth $1,732.8 Million by 2019 - A Report by MarketsandMarkets 2Health News:Probiotic Ingredient Market worth $1,732.8 Million by 2019 - A Report by MarketsandMarkets 3Health News:Probiotic Ingredient Market worth $1,732.8 Million by 2019 - A Report by MarketsandMarkets 4Health News:Probiotic Ingredient Market worth $1,732.8 Million by 2019 - A Report by MarketsandMarkets 5Health News:Biostimulants Market in Turf and Ornamentals is Expected to Reach $ 3.8 Billion by 2018 - New Report by MicroMarket Monitor 2Health News:Biostimulants Market in Turf and Ornamentals is Expected to Reach $ 3.8 Billion by 2018 - New Report by MicroMarket Monitor 3
... , PHILADELPHIA, Dec. 2 Independence ... with Lincoln Financial Group. IBC will be the primary provider ... retirees, and their dependents across the nation. The Lincoln plan ... plans. , "I know I speak for all of us ...
... who have a prostate-specific antigen (PSA) value of less ... external beam radiation therapy (EBRT) are less likely to ... a study in the December 1 issue of the ... the American Society for Radiation Oncology (ASTRO). PSA levels ...
... ... microwave signal transmissions away from users will be available in early 2010 from Aerius ... ... transmissions away from users will be available in early 2010 from Aerius International Ltd. ...
... , ATLANTA, Dec. 2 In response ... FamilyLife, a non-profit ministry dedicated to supporting marriages and families, ... at a significant discount to military couples in Atlanta from ... Buckhead (3300 Peachtree Road NE). Weekend to Remember ...
... /PRNewswire/ -- The Universities of Sassari and Cagliari ... from the United States, announced today the results of a ... amounts of CLA (Conjugated Linoleic Acid), an Omega-6 polyunsaturated fatty ... bioactive properties for humans. , The study, conducted ...
... when women at high-risk of breast cancer are well-informed about ... prevention, only 6 percent said they were likely to take ... Center created a decision aid designed to inform women about ... was first used to stop breast cancer from returning and ...
Cached Medicine News:Health News:Independence Blue Cross Secures All-Blue Contract with Lincoln Financial Group 2Health News:Independence Blue Cross Secures All-Blue Contract with Lincoln Financial Group 3Health News:PSA value at 2 years post-treatment can predict long-term survival in prostate cancer patients 2Health News:New AERIUS Cell Phones Direct Microwave Signals Away from Users 2Health News:FamilyLife Supports Military Marriages in Atlanta 2Health News:New Study Confirms Health Benefits of Pecorino Romano Cheese 2Health News:New Study Confirms Health Benefits of Pecorino Romano Cheese 3Health News:High-risk women reluctant to take tamoxifen to prevent breast cancer, U-M study finds 2
(Date:7/10/2014)... -- Valeant Pharmaceuticals International, Inc. (NYSE: VRX ... sale to Galderma of all rights to Restylane, Perlane, ... for $1.4 billion in cash, pursuant to the previously ... acquisition of Galderma. "We are pleased ... company that is firmly committed to the aesthetic dermatology ...
(Date:7/10/2014)... Israel , July 10, 2014   ... Diabetes Management Solution, today announced the appointment of ... independent member of its Board of Directors. ... legal and business experience to LabStyle as an ... and legal and corporate governance expert. He currently ...
(Date:1/15/2014)... MILTON, N.Y. , Jan. 15, 2014 Sono-Tek Corporation ... three months ended November 30, 2013, compared to sales of ... or 20%. Once again, this quarter has also shown growth ... in the first quarter of this fiscal year. Markets that ...
Breaking Medicine Technology:LabStyle Innovations Welcomes Richard B. Stone to its Board of Directors 2LabStyle Innovations Welcomes Richard B. Stone to its Board of Directors 3LabStyle Innovations Welcomes Richard B. Stone to its Board of Directors 4Sono-Tek Announces Third Quarter Results 2Sono-Tek Announces Third Quarter Results 3Sono-Tek Announces Third Quarter Results 4
... Dow Jones Sustainability Indexes for Six Consecutive Years... -- ABBOTT PARK, Ill., Sept. 9 ... ... --> ... var s = ,; var first_result; // Results are keyed by longUrl, so we need to grab ...
... Pharmaceuticals, LLC announced today the approval of a new, ... 0.0375%, for the treatment of acne vulgaris. An excellent ... between strength – effective yet gentle. Tretin-X 0.0375% ... those patients already on tretinoin therapy for acne, Tretin-X ...
Cached Medicine Technology:Abbott Included on the Dow Jones Sustainability Indexes for Six Consecutive Years in Recognition of Leading Corporate Citizenship Performance 2Abbott Included on the Dow Jones Sustainability Indexes for Six Consecutive Years in Recognition of Leading Corporate Citizenship Performance 3Abbott Included on the Dow Jones Sustainability Indexes for Six Consecutive Years in Recognition of Leading Corporate Citizenship Performance 4Abbott Included on the Dow Jones Sustainability Indexes for Six Consecutive Years in Recognition of Leading Corporate Citizenship Performance 5Abbott Included on the Dow Jones Sustainability Indexes for Six Consecutive Years in Recognition of Leading Corporate Citizenship Performance 6Abbott Included on the Dow Jones Sustainability Indexes for Six Consecutive Years in Recognition of Leading Corporate Citizenship Performance 7Abbott Included on the Dow Jones Sustainability Indexes for Six Consecutive Years in Recognition of Leading Corporate Citizenship Performance 8New, Exclusive Strength: Tretin-X® 0.0375%(tretinoin) Cream 2
... 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 ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... 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 ...
Medicine Products: