Prescription Drugs: Recent Trends in Utilization, Expenditures, and Coverage
- Topics:
- Healthcare Services
- Tags:
- Benefits,
- Enterprise Software,
- Expenditure,
- Healthcare,
- Human Resources,
- Prescription,
- Prescription Drug,
- Software,
- Vertical Industries
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Overview: Prescription drug costs, which rose by 15.7 percent in 2001, are the fastest rising component of medical expenditures and accounted for 16.7 percent of the total increase in health care spending that year. Americans spent more than $140 billion on prescription drugs in 2001-or about 10 percent of the nation's health bill, approximately the same level noted in 1960. Most of the drug bill increase reflects increased consumption. The cost per pill is increasing at a much more modest rate. However, the impact of price increases on the increasing expenditures for prescription drugs has grown since 1996, when it accounted for 15.8 percent of the increase.
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Format: PDF | Size: 527KB | Date: Jan 2004 | Pages: 36
