Drug Costs Last Year Grew At The Fastest Rate In A Decade

March 10, 2015 11:07 AM

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The US economy saw drug costs in 2014 rise at the fastest rate seen in the last ten years, as non-orphan high-cost hepatitis C medicines were brought into the market at orphan drug pricing, according to a report released by Express Scripts Holding Company (NYSE:ESRX).

Express Scripts, the largest pharmacy-benefits manager in the US, reported that per-person spending jumped 13% following “several years of declining rate increases,” as cancer drug spending increased 21% year-over-year, marking the highest rate of growth seen since 2003. The increase in spending is ...

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