News Headlines Article

Specialty drugs, Medicaid expansion drive jump in prescription spending
Modern Healthcare

Spending in the U.S. on prescription drugs rose by 13% in 2014, driven largely by increased spending on new breakthrough medications, according to a report by the IMS Institute for Healthcare Informatics. And Medicaid patients’ spending on drugs rose much faster in states that expanded Medicaid under the Affordable Care Act compared with those that did not, the report found.

The IMS’ annual analysis on prescription drug use found medication spending reached its highest level since 2001, totaling more than $373 billion in 2014, with more than 4 billion prescriptions filled.