Thursday, February 16, 2017

U.S. Drug Spending Increased 3.8% in 2016

Express Scripts recently released their annual report on prescription drug spending. Here are some key findings from the report:

U.S. drug spending increased 3.8% in 2016, 27% less than in 2015.
Drug spending decreased for one third of plans in 2016.
The average out-of-pocket cost for a 30-day prescription was $11.34 in 2016.
Member OOP cost share was 14.6% of the total costs per adjusted Rx in 2016.
Average drug unit costs rose 2.5% in 2016, 22% less than in 2015.
Specialty drug costs rose 6.2% in 2016, down from the 11.0% increase in 2015.

Source: Express Scripts, February 2017

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