Posted by Michael Wonder on 27 Mar 2018
Prices for widely prescribed Medicare Part D drugs rose 12 percent annually, but mind the caveat
27 March 2018 - The latest report to chronicle the rising cost of prescription medicines comes from a U.S. Senate committee that found prices for the 20 drugs most widely prescribed through Medicare Part D in 2015, on average, increased 12% each year between 2012 and 2017.
Moreover, a dozen of the medicines saw price hikes of 50% of more during that time and six of the drugs experienced price increases of more than 100%.
In one case, the weighted wholesale cost for one medicine — Nitrostat, which is used to prevent chest pain — rose by 477%.
