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Feds call prescription drug price 2014 increase ‘remarkable’
USA Today

Fast-rising drug prices coupled with the use of costlier specialty drugs were the main reasons for a nearly 13% uptick in prescription drug spending in 2014, federal health officials said Tuesday.

The Department of Health and Human Services called drug growth in 2013 “subdued,” but said 2014’s increase was “remarkable” and that it remained elevated during 2015 based on preliminary estimates.

HHS estimated prescription drug spending in the U.S. was about $457 billion in 2015, or 16.7% of overall personal health care services.

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