More than two dozen large patrons of prescription medicines anticipate that costs will rise by a mean of 8% yearly over the following three years, a slight uptick from a 12 months in the past. And 19% consider {that a} “substantial portion” of the anticipated will increase will be attributed to a shift to newer, pricier therapies, which is up from 8% a 12 months in the past, a brand new survey discovered.
Notably, the marginally greater projection “could be the continuation of a pattern towards expectations for double-digit will increase” for prescription medicines sooner or later, wrote analysts at Cowen, who queried 26 hospitals, pharmacy profit managers, and well being upkeep organizations that bought about $90 billion in medicines in 2022, or about two-fifths of U.S. retail drug purchases.
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