News Headlines Article

U.S. Drug Spending Climbs
The Wall Street Journal

Total spending on prescription drugs in the U.S. rose 12.2% to nearly $425 billion in 2015, continuing a steep climb fueled by the introduction in recent years of expensive new drugs for cancer and infections, as well as price hikes for older drugs, according to a new report.

The spending growth rate decelerated from the 14.2% rise in 2014, partly because of patent expirations for certain drugs, but the growth was still well above the average for the past decade, according to a research arm of IMS Health that produces the annual report on spending. The figures are based on pharmaceutical list prices.

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