US Retail Drug Spending Growth Slowing With No New Sovaldis In Sight

Rate of growth in prescription drug spending is expected to average 6.7% per year from 2016 through 2025, National Health Expenditures report from CMS projects.

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Retail prescription drug spending is expected to grow an average of less than 7% per year for the 10-year period 2016 through 2025, according to the annual National Health Expenditure Projections released by the Centers for Medicare and Medicaid Services Office of the Actuary July 14.

Growth in spending will slow to 6.3% in 2016, “as the influence on spending from newly approved drugs is expected to fade after two years of above average impacts” caused...

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