iLoveBenefits: Industry News Blog

Drug costs in 2015

4.4 Billion Prescription Drugs Were Dispensed in 2015

The IMS Institute for Healthcare Informatics recently conducted an analysis on medication spending trends. Here are some key findings from the report:

· Total spending on medicines in the U.S. reached $310 billion in 2015.

· 2015 saw a 8.5% total spending increase for medicines in the U.S. compared to 2014.

· Specialty medicines contributed more than two-thirds of overall growth between 2010 and 2015.

· 2015 saw a 21.5% spending increase for specialty medicines to $150.8 billion on an invoice price basis.

· The average patient cost exposure for brand prescriptions reached $44 per prescription in 2015.

· Total prescriptions dispensed in 2015 reached 4.4 billion, up 1% year over year.

Source: IMS Institute for Healthcare Informatics, April 14, 2016

Generic drug firm launches brand name guide app

Mylan, a generic pharmaceutical firm, announced the launch of its 2012 Generic Brand Reference Guide via iPad and iPhone application. The free app, available at the Apple app store, has several features, including a calculator for weights and measures and a guide for cross-referencing between generics and brands. American City Business Journals/Pittsburgh (9/6)

September 10, 2012 | Categories: drugs,healthcare | Tags: , , , , | Comments (0)