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Brand Name Drug Prices Increased 7.1% In 2004, AARP Report Says

This article was originally published in The Pink Sheet Daily

Executive Summary

The latest "Rx Watchdog Report" says wholesale acquisition cost for 195 brand name drugs increased at double the rate of general inflation. Prices for 75 generic drugs rose 0.5%, less than one-fifth the inflation rate. A PhRMA study found consumer medical costs increased 4.7%, compared to 4% for branded and generic drugs.

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