Posted by Michael Wonder on 09 Jun 2021
Prescription drug price increases continue to outpace inflation
7 June 2021 - New AARP report shows even during pandemic consumers have had to pay more for medicines.
Retail prices for some of the most widely used brand name prescription drugs continue to increase twice as much as inflation, making these life-sustaining medicines potentially unaffordable to many older Americans, according to a new report from AARP’s Public Policy Institute.
In 2020, prices for 260 commonly used medications whose prices AARP has been tracking since 2006 increased 2.9% while the general rate of inflation was 1.3%, according to a recent AARP “Rx Price Watch” report.
