Drug Prices Jump in First Quarter

Aging Today, July/August 2004 | Go to article overview

Drug Prices Jump in First Quarter


Wholesale prices for the 197 brandname prescription drugs most frequently used by older Americans rose by an average of 3.4% during the first quarter of 2004, compared with a 1.2% rate of general inflation for the same period, according to a study released in June by AARP. Furthermore, the study found that the average annual rate of increase rose from 6.9% for the 12 months ending December 2003 to 7.2% for the 12 months ending March 2004.

The report, "Trends in Manufacturer Prices of Brand Name Prescription Drugs Used by Older Americans-First Quarter 2004 Update," is the first quarterly update in an ongoing study of changes in prices that drug manufacturers charge wholesalers. A baseline study published in May 2004 looked at prices from 2000 through 2003, and found manufacturers' wholesale prices, on average, had steadily increased and, for each year, exceeded the rate of general inflation.

The study, published by the AARP Public Policy Institute (PPI), found that 58 of the drugs studied, almost one in three, had increases in the first quarter of 2004 of more than 5%, or more than quadruple the rate of inflation for the same period. First-quarter increases of more than 7.5% were found in 21 of the drugs.

TOP 25 DRUGS

Of the 25 brand-name drugs with the greatest sales in 2003, 16 had price increases in the first quarter of 2004. Plavix 75 mg., manufactured by Bristol-Myers Squibb (BMS), which is third in sales among the drugs studied, had the highest-percentage price increase among the top 25 drugs, with 7. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Drug Prices Jump in First Quarter
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.