Posted by Michael Wonder on 23 Sep 2019
Drug prices for seniors once again rose faster than inflation, report says
23 September 2019 - The retail price of prescription drugs commonly used by older Americans has continued to increased faster than inflation, according to a new analysis from AARP.
This marks the 12th year in a row that there has been a substantial increase in prices.
AARP's Public Policy Institute looked at the retail prices of 754 widely used brand name, generic and specialty drugs used by older Americans and found that the cost increased by an average of 4.2% in 2017 -- twice the rate of general inflation for that same time period. This is lower than the drug price increases observed in previous years, but it's a tepid improvement.
