Health & Fit: The cost of popular prescription drugs doubles every 7 to 8 years, JAMA study finds - "Innovative" Drug Approval: Is the FDA Too Flexible? - PressFrom - US
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Health & FitThe cost of popular prescription drugs doubles every 7 to 8 years, JAMA study finds

16:50  04 june  2019
16:50  04 june  2019 Source:   marketwatch.com

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JAMA is the Journal of the American Medical Association . The findings suggest that the cost of popular brand-name drugs double every seven Competing drugs actually had some of the biggest industry price increases over the six- year study period. Prescription drugs make up about 9.5% of

1 big thing: How a cheaper prescription drug is getting boxed out. Illustration: Lazaro Gamio/Axios. The cost of all but one of the 49 top-selling brand-name drugs included in a new JAMA study increased The results suggest that costs for popular branded drugs will double every 7 to 8 years .

The cost of popular prescription drugs doubles every 7 to 8 years, JAMA study finds© Getty Images Some 48 out of 49 most common brand-name prescription drugs in the U.S. got more expensive between early 2012 and late 2017, a new study finds.

The costs of these top-selling drugs saw a median increase of 76% over the six-year period, according to new research published in JAMA Network Open, with the prices of most increasing either once or twice annually. JAMA is the Journal of the American Medical Association.

The findings suggest that the cost of popular brand-name drugs double every seven to eight years. And the situation doesn’t seem likely to improve, the study by Scripps Research Translational Institute researchers found. “Greater price transparency is warranted,” they said.

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The cost of all but one of the 49 top-selling brand-name drugs included in a new JAMA study The results suggest that costs for popular branded drugs will double every 7 to 8 years . But it did compare its results with third-party estimates of net price data for each drug , and found that there

The study appears in the latest issue of JAMA Network Open. "It's no secret that health care prices are Wineinger explains that a prescription drug 's list price is typically set by the pharmaceutical This document is subject to copyright. Apart from any fair dealing for the purpose of private study or

Some 48 out of 49 most common brand-name prescription drugs in the U.S. got more expensive between early 2012 and late 2017, new research suggests.

Some 48 out of 49 most common brand-name prescription drugs in the U.S. got more expensive between early 2012 and late 2017. All this data suggest that these products — and even emerging ones — are likely to continue escalating in price, they added.

The researchers studied drugs that exceeded $500 million in U.S. sales or $1 billion globally, had more than 100,000 pharmacy claims during those six years, and had available net price data. (Pharmacy claims are sent to the payer for a payment decision.)

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The study appears in the latest issue of JAMA Network Open. “It’s no secret that health care prices are growing Researchers determined that prices of top-selling branded prescription drugs increased by a median of 9.5 percent annually, which equates to a doubling in price every seven to eight years . Authors of the study , “Trends in Prices of Popular Brand Name Drugs in the United States

This study doesn’t upset the previous work on drug development costs at all. Jama Internal Medicine. Prasad and Mailankody assert this analysis takes into account the high attrition rates of drug The real problem is that the amount spent to develop every new drug seems to be increasing.

The research comes amid heightened national scrutiny of rising drug costs: Health and Human Services Secretary Alex Azar, for example, said last month that the Trump administration would mandate that pharmaceutical companies disclose list prices in TV ads for drugs that cost more than $35 for a one-month supply.

What’s more, 17 of these drugs — more than one-third — saw their costs more than double. Among them were Chantix, a smoking-cessation aid; Lipitor, a statin used to reduce high cholesterol; Lyrica, which is used to treat nerve pain and seizures; Novolog, an insulin; Humira, which treats a range of autoimmune conditions; Forteo, an osteoporosis injection; and the erectile-dysfunction medication Viagra.

The researchers studied drugs that exceeded $500 million in U.S. sales or $1 billion globally, and had over 100,000 pharmacy claims during those six years

The median cost per prescription of Lipitor, for example, rose from $116 in January 2012 to $274 in December 2017. Lyrica’s median cost increased from $174 to $411 over the same period.

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A prescription drug (also prescription medication or prescription medicine) is a pharmaceutical drug that legally requires a medical prescription to be dispensed.

The study is based on the language of a “Medicare-for-all” bill proposed by Sanders last year that makes assumptions about reduced administrative and drug costs , as well as deeply reduced reimbursement rates to health care providers under a universal health care system.

“We recognize that health care has become more expensive for Americans, and that includes paying for the medicines we make,” Marisa Sharkey, a spokeswoman for Novo Nordisk (NVO) the maker of Novolog, said in a statement. “As a company focused on improving the lives of people with diabetes, this is not acceptable,” Sharkey told MarketWatch.

“However, 80% of people in non-high deductible commercial health plans pay $50 or less per month for a prescription of one of our insulin analogs, the out-of-pocket amount people with insurance pay for our medicines is due, in large part, to benefit design,” she added.

“For those patients who do pay list price (either because they’re in a high deductible health plan or because they are paying cash for their medicines), we are focused on doing all we can so these patients can afford their medicine, and we offer support to help defray the costs they face,” Sharkey added.

She highlighted a company initiative to provide human insulin for about $25 per vial at many national pharmacy chains, co-pay assistance programs and a company-sponsored patient-assistance program to provide free insulin to uninsured people with diabetes.

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Research links widely-used drugs to a nearly 50% higher risk of dementia An estimated one in four older adults take anticholinergic drugs . Some antihistamines like Benadryl are also anticholinergics, but were not associated with dementia in this study. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); "This is a very broad class of medications," CBS News' Dr. Tara Narula told "CBS This Morning.

The study appears in the latest issue of JAMA Network Open. “It’s no secret that health care prices are growing With a focus on the 49 most popular brand-name drugs with pharmacy claim data available for the Researchers determined that prices of top-selling branded prescription drugs increased by a median of 9.5 percent annually, which equates to a doubling in price every seven to eight years .

The cost of a year ’s worth of prescription drugs , on average, doubled from 2006 to 2013, according to a new report by AARP. The price hikes are hitting While the average retail price drug has had its price increasing at a worrying pace of 10 percent a year , about 20 drugs have astoundingly had their

Manufacturers Pfizer (PFE) AbbVie (ABBV) and Eli Lilly (LLY) did not immediately return MarketWatch requests for comment.

The researchers analyzed pharmacy-claims data from the Blue Cross Blue Shield Axis database, which contains information from more than 35 million people with private insurance.

The researchers analyzed data from the Blue Cross Blue Shield Axis database, which contains information from over 35 million people with private insurance.

They cautioned that the data didn’t include information about rebates that could lower drug prices for patients, as rebates can’t be linked to individual claims.

Instead, the researchers had obtained third-party estimates of the drugs’ net prices to capture the effect of rebates. There was a high correlation between costs and net prices, they found, suggesting that the idea that “higher list prices and greater reliance on rebates reduce costs” could be untrue.

In addition, they found that competition between interchangeable brand-name products “appeared to do little to stymie rising costs.” Competing drugs actually had some of the biggest industry price increases over the six-year study period.

Prescription drugs make up about 9.5% of total health-care expenditures in the U.S., according to 2017 data from the Centers for Medicare and Medicaid Services. U.S. prescription drug spending per person, adjusting for inflation, rose from $90 to $1,025 between 1960 and 2017. And an analysis last month showed that most of the health-care industry’s profits were going to pharmaceutical companies.

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Trump administration outlines plan to import drugs from Canada The Trump administration on Wednesday announced a plan to allow Americans legal access to lower-cost prescription drugs from Canada. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); President Donald Trump has repeatedly spoken out against the soaring cost of prescription drugs and is backing a bipartisan bill in the Senate that would cap prices.

The study appears in the latest issue of JAMA Network Open. With a focus on the 49 most popular brand-name drugs with pharmacy claim data available for the entirety of their five-year research window Researchers determined that prices of top-selling branded prescription drugs increased by a median of 9.5 percent annually, which equates to a doubling in price every seven to eight years .

The cost of a year 's worth of prescription drugs , on average, doubled from 2006 to 2013, according to a new report by AARP. The price hikes are hitting While the average retail price drug has had its price increasing at a worrying pace of 10 percent a year , about 20 drugs have astoundingly had their

U.S. prescription drug spending per person, adjusting for inflation, rose from $90 to $1,025 between 1960 and 2017. Prescription drugs make up about 9.5% of total health-care expenditures.

Meanwhile, more than a quarter of adults who take prescription medication say they have a “somewhat” or “very” difficult time affording their treatment, according to a Kaiser Family Foundation poll.

The authors of the present study emphasized the need to balance “reasonable” consumer drug costs with incentives for drug companies to innovate life-saving medications.

“The United States provides drug companies with the strongest patent protections in the world,” they wrote, “but legal strategies in the pharmaceutical industry, such as patenting peripheral aspects of a drug that extend exclusivity rights beyond the original patent and delay generic and biosimilar competition, abuse that liberty.”

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