Posted by Michael Wonder on 16 Oct 2017
Lost beneath headlines of five-figure drug costs — pharmaceutical price growth is weakening
13 October 2017 - After months of headlines about astronomical drug prices, a funny thing’s happening — drug costs are plummeting.
One of the big surprises in the consumer price report for September released by the Labor Department was the big slowdown in medical-care costs.
In the 12 months ending September, medical care “commodities” growth slowed to 1% from 2.4%. That’s the weakest growth in more than three years, and compares to 3.7% growth just two months ago.
