ST. LOUIS (KMOX) – A recent study from the St. Louis-based Express Scripts is analyzing America’s prescription drug spending.
David Whitrap with Express Scripts says he expects specialty drug spending to increase an additional 63 percent by 2016.
“Specialty drugs such as those three complex conditions such as rheumatoid arthritis, multiple sclerosis and cancer, while used by fewer than one percent of the population, now account for more than a quarter of the country’s overall prescription drug spend,” Whitrap says.
He says that one example in particular is Hepatitis C, which is a disease that affects nearly three million Americans. New therapies to treat Hepatitis C are being priced at $1,000 per pill.
Whitrap adds that it is unprecedented to have a pill be this expensive for such a large patient population. He also says the spending on cholesterol and blood pressure medications is expected to decline this year and next with more generics available.
(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
MORE HEALTH NEWS:
- After 127 Studies, Experts Say Coffee Is Healthy For Everyone Except Pregnant Women
- Changes in MRI Coverage Could Help Diagnose More Patients
- Chemical In McDonald’s Fries May Cure Baldness, Study Claims
- Study Shows Breast Cancer Treatment Could Increase Heart Disease Risk
- Study: Millions Will Call In Sick Monday After Super Bowl
- Doctors Say Exposure to West Lake Radiation Could Cause Cancer
News From Our Music Stations