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Saturday, 10th March 2012

Trends in Retail Prices of Prescription Drugs Widely Used by Medicare Beneficiaries 2005 to 2009

Source: AARP Research Center

From the press release:

A look at retail prices for a combined set of widely used prescription drugs finds the cumulative change in prices from 2005 through 2009 was almost double the rate of inflation. AARP Public Policy Institute’s (PPI) examination of widely used drugs – brand name, specialty and generic – found that even with substantial decreases in the prices of generic drugs, the average annual cost of drug therapy continued to rise. ...

According to the report, retail prices for the 469 prescription drug products that have been on the market since the end of 2004 have increased by 25.6 percent from 2005 through 2009, compared with a general inflation rate of 13.3 percent. For consumers taking a drug on a chronic basis, their average annual cost of therapy rose from $2,160 to $3,168 over the same time period.

+ Link to full report (PDF; 182 KB)


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Peggy Garvin, of Garvin Information Consulting, is the author of United States Government Internet Directory (Bernan Press) and Real World Research Skills, 2009 (TheCapitol.Net). In her 20 years in the information business, Peggy has managed electronic information products and services in a variety of environments, including commercial publishing, e-commerce, law firms, and the Congressional Research Service of the Library of Congress. Peggy's work has been recognized with the 2011 SLA Dow Jones Leadership Award. She has a Masters of Library Science degree from Syracuse University School of Information Studies.

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