HHS: Through 2014, 30% of Rise in Prescription Drug Spending was Due to Price Increases

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The Office of the Assistant Secretary for Planning and Evaluation (ASPE) in the Department of Health and Human Services, released a report titled "Observations on Trends in Prescription Drug Spending."

Key findings of the report include:

Expenditures on prescription drugs are rising and are projected to continue to rise faster than overall health spending thereby increasing this sector’s share of health care spending.

ASPE estimates that prescription drug spending in the United States was about $457 billion in 2015, or 16.7 percent of overall personal health care services.

Expenditures on specialty drugs generally appear to be rising more rapidly than expenditures on other drugs, though estimates of specialty drug expenditures are highly sensitive to which drugs are considered “specialty” products.

ASPE also analyzed the factors contributing to the rise in prescription drug spending from 2010 to 2014.

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