Managed Care

 

Prescription drug cost increase lowest since 1994

MANAGED CARE March 2006. © MediMedia USA
News and Commentary

Prescription drug cost increase lowest since 1994

MANAGED CARE March 2006. ©MediMedia USA













A slowdown on spending for prescription drugs is credited for leading the slowing in health care costs overall, according to a recent study. "National Health Spending: Recent Slowdown Led by Prescription Drug Spending," published in the January/February issue of Health Affairs, says that drug spending grew by 8.2 percent in 2004, "smaller than its share of the increase in recent years and much slower in absolute terms."

This is the first year of single-digit growth in prescription drug costs since 1994. The rate of growth in health care spending overall in 2004, 7.9 percent or nearly $1.9 trillion, was the lowest since the 6.3 percent increase in 2000. The slowdown in prescription drug spending was somewhat offset by an increase in spending in other sections, notably for hospital care.

Source: "National Health Spending: Recent Slowdown Led by Prescription Drug Spending," Health Affairs, January/February, 2006

Meetings

4th Partnering With ACOs Summit Los Angeles, CA October 27–28, 2014
PCMH & Shared Savings ACO Leadership Summit Nashville, TN November 3–4, 2014
2014 Annual HEDIS® and Star Ratings Symposium Nashville, TN November 3–4, 2014
Medicare Risk Adjustment, Revenue Management, & Star Ratings Fort Lauderdale, FL November 12–14, 2014
World Orphan Drug Congress Europe 2014 Brussels, Belgium November 12–14, 2014
Healthcare Chief Medical Officer Forum Alexandria, VA November 13–14, 2014
Home Care Leadership Summit Atlanta, GA November 17–18, 2014
HealthIMPACT Southeast Tampa, FL January 23, 2015