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PhRMA Studies Contest AARP Drug Price “Watchdog Report”

Executive Summary

Prescription drug prices rose only 0.9% in the first quarter of 2004, not 3.4% as AARP claims, a study of Bureau of Labor Statistics data commissioned by the Pharmaceutical Research & Manufacturers of America says

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The prices pharmaceutical manufacturers charge wholesalers for brand name drugs have been increasing at a slower rate since the Medicare drug discount card became available, AARP concludes in an "Rx Watchdog Report" released April 12

Price Increases For Branded Drugs Slower Since Medicare Drug Card – AARP

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