Prescription drug prices down slightly last year

US News

5 December 2019 - A government report says prices for prescription drugs edged down 1% last year, driven by declines for generics and slow growth for brand-name medications.

Prices for prescription drugs edged down by 1% last year, a rare result driven by declines for generics and slow, low growth in the cost of brand-name medications, the government said Thursday.

Though modest, it was the first such price drop in 45 years, according to nonpartisan economic experts at the federal Department of Health and Human Services, who deliver an annual report on the nation's health care spending.

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Michael Wonder

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Michael Wonder

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Medicine , US , Pricing