Prescription Drug Spending Ticked Up To $320B In 2011

Law360, New York (April 4, 2012, 4:57 PM EDT) -- Spending on prescription drugs in the U.S. ticked up to $320 billion in 2011, as new medications entered the market and younger patients increased their usage after the Patient Protection and Affordable Care Act helped them stay on their parents’ insurance plans, IMS Health Inc. said Wednesday.

The spending, which rose roughly 3.7 percent from 2010’s $308.6 billion, increased a modest 0.5 percent on a per-capita basis even as more new medicines were launched than in previous years, in part because overall per-capita use of medications...
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