New Government Report: Prescription Drugs
by John E. Dicken
Paperback, 28 pages, 2011, $20.00
Prescription drug spending in the U.S. in 2009 totaled $250 billion, of which $78 billion — or 31% — was spent by the federal government. Prescription drug spending by the federal government, patients, and third-party payers, including employers, is driven by many factors, including the prices paid for drugs. This report: (1) examines usual and customary price trends for commonly used prescription drugs from 2006 through the first quarter of 2010 and compares these trends to those of other medical consumer goods and services; and (2) examines price trends using drug prices other than usual and customary. Also provides information on the extent to which prices for individual brand-name drugs changed over the course of this analysis period. Charts and tables.