Friday, November 04, 2005

AARP: Drug Prices Increased At Twice Inflation Rate

Manufacturer prices on 193 medicines most commonly prescribed to seniors climbed 0.9 percent from March 31 to June 30, the U.S. lobbying group for the elderly said. The general inflation rate was 0.5 percent during the same period.
That second quarter increase in the price of drugs frequently used by the elderly slowed sharply from the 3.3 percent increase seen in the first quarter of the year.
"Average price increases for the second quarter of any given year tend to be lower than first quarter increases, and this trend continued in 2005," AARP said in a statement.
Prices on 75 widely used generic drugs were flat in the second quarter, the group said.

1 comment:

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