Drug prices for seniors outpaced inflation in 2002

The prices of the 50 drugs most commonly prescribed to seniors rose, o­n average, at nearly 3.5 times the rate of inflation in 2002, according to a report released by Washington-based Families USA. The study compared 2002's price increases for generic versus brand-name drugs. It found that 15 of the top 50 drugs sold to seniors were generic drugs, and 35 were brand-name drugs. o­n average, prices for generics rose by 2.6%, and prices for brand-name drugs rose by 7.1%. Nine of the 15 generic drugs did not increase in price last year, while o­nly three of the 35 brand-name drugs did not increase in price

. For full article Click Here