US Spending on Traditional Prescription Drugs Fell in 2012 for First Time... (Medicare patients in 2012 contributing t...)

US Spending on Traditional Prescription Drugs Fell in 2012 for First Time on Record

Date:3/4/2013

Medicare patients in 2012, contributing to an overall spending increase of 32.8 percent for this population.

Despite a 46.9 percent increase in unit costs for hepatitis C medications, Medicare patients increased utilization of these medications by 63.5 percent in 2012. Infection rates for the virus are more prevalent among patients born between 1945 and 1965.

Medicaid spends more on asthma medication than prescription drugs to treat any other single condition. Total asthma spend increased 6.2 percent, driven largely by increased utilization.

Widening Price Gap in Brand-Name and Generic Medications

According to the Express Scripts Prescription Price Index, prices on a market basket of the most highly utilized brand-name medications increased 12.5 percent in 2012, far outpacing the Consumer Price Index's 2012 inflation of 1.7 percent. During the same time frame, prices of generic medications declined 24 percent. This 36.5 percentage point net inflationary effect is the largest single-year widening of brand and generic prices since Express Scripts began calculating its Prescription Price Index in 2008.

About Express Scripts

Express Scripts (NASDAQ: ESRX) manages more than a billion prescriptions each year for tens of millions of patients. On behalf of our clients — employers, health plans, unions and government health programs — we make the use of prescription drugs safer and more affordable. Express Scripts uniquely combines three capabilities — behavioral sciences, clinical specialization and actionable data — to create Health Decision Science℠, our innovative approach to help individuals make the best drug choices, pharmacy choices and health choices. Better decisions mean healthier outcomes.

Headquartered in St. Louis, Express Scripts provides integrated pharmacy ben
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SOURCE Express Scripts
Copyright©2012 PR Newswire.
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