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PhRMA Studies Contest AARP Drug Price "Watchdog Report"

This article was originally published in The Pink Sheet Daily

Executive Summary

Milliman study commissioned by PhRMA shows prescription drug CPI increased .9% in first quarter, lower than the 3.4% figure cited by AARP based on wholesale acquisition cost. Muse & Associates study shows Medicare drug discount cards offer average savings of 16.2% over cash prices available in November.

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Brand Drug Price Increases Continue To Slow, Latest AARP Data Show

Branded pharmaceutical prices increased 6.6% on average for the 12 month period ended March 2005, a drop from the 7.1% average increase reported for the year ended December 2004.

Brand Drug Price Increases Continue To Slow, Latest AARP Data Show

Branded pharmaceutical prices increased 6.6% on average for the 12 month period ended March 2005, a drop from the 7.1% average increase reported for the year ended December 2004.

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

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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