{"id":5722,"date":"2016-12-14T08:00:00","date_gmt":"2016-12-14T08:00:00","guid":{"rendered":"http:\/\/www.pharma-mkting.com\/drugs-for-older-americans-rose-average\/"},"modified":"2019-02-21T01:14:47","modified_gmt":"2019-02-21T01:14:47","slug":"drugs-for-older-americans-rose-average","status":"publish","type":"post","link":"http:\/\/ec2-54-175-84-28.compute-1.amazonaws.com\/pharma-mkting.com\/blog\/drugs-for-older-americans-rose-average\/","title":{"rendered":"Drugs for Older Americans Rose an Average of 15.5% in 2015 According to AARP Report"},"content":{"rendered":"

Retail prices for brand name prescription drugs widely used by older Americans rose by an average of 15.5% in 2015\u2014almost 130 times faster than the 0.1% general inflation rate\u2014according to a new AARP Public Policy Institute (PPI) report released today.<\/p>\n\n\n\n\n
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AARP\u2019s Rx Price Watch Report<\/a>: Trends in Retail Prices of Brand Name Prescription Drugs Widely Used by Older Americans, 2006-2015, shows that the average annual cost for one brand name drug used on a chronic basis now exceeds $5,800. Five of the six drugs with the highest cumulative price increases over the study period were marketed by Valeant Pharmaceuticals. The retail price of Valeant’s anti-anxiety drug, Ativan 1 mg tablets, increased by 2,873%<\/b> between 2006 and 2015.<\/p>\n\n\n\n\n
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Which companies raised prices the most? Crooked Valeant, of course, tops the list. But can you guess who is #2, #3, etc? Click “Read more” for the answer.<\/p>\n

<\/a>I’m surprised the Lundbeck is #2 (see chart below). Out of the 48 companies assessed for their corporate reputation by patient groups in 2015, Lundbeck snagged third place, ahead of Johnson & Johnson, arguably the most beloved pharma company in the world (for more on that, read “Pharma’s Rep Among Patient Groups at 4-Year High<\/a>“).<\/p>\n\n\n\n\n
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\nHighlights of the Rx Price Watch Report<\/b><\/p>\n

    \n
  • The average annual retail price increase for widely used brand name prescription drugs was more than two and a half times higher in 2015 (15.5%) than in 2006 (5.9%).<\/li>\n
  • Brand name drug prices increased almost 130 times faster than general inflation in 2015 (15.5% vs 0.1%).<\/li>\n
  • In 2015, the average annual retail cost of one brand name medication used to treat a chronic health condition more than $5,800, compared with nearly $1,800 in 2006.<\/li>\n
  • Retail prices increased for 97% of the 268 brand name prescription drugs in the study\u2019s market basket.<\/li>\n
  • Seven widely used brand name drugs had average annual retail price increases of over 50% in 2015.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    Retail prices for brand name prescription drugs widely used by older Americans rose by an average of 15.5% in 2015\u2014almost 130 times faster than the 0.1% general inflation rate\u2014according to a new AARP Public Policy Institute (PPI) report released today. Click on image for an enlarged view AARP\u2019s Rx Price Watch Report: Trends in Retail Prices […]<\/p>\n","protected":false},"author":2,"featured_media":12275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[165,104,166],"topic":[],"acf":[],"yoast_head":"\nDrugs for Older Americans Rose an Average of 15.5% in 2015 According to AARP Report - Pharma Marketing Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ec2-54-175-84-28.compute-1.amazonaws.com\/pharma-mkting.com\/blog\/drugs-for-older-americans-rose-average\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Drugs for Older Americans Rose an Average of 15.5% in 2015 According to AARP Report - Pharma Marketing Network\" \/>\n<meta property=\"og:description\" content=\"Retail prices for brand name prescription drugs widely used by older Americans rose by an average of 15.5% in 2015\u2014almost 130 times faster than the 0.1% general inflation rate\u2014according to a new AARP Public Policy Institute (PPI) report released today. 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