Report

The 5 Essential Truths about Prescription Drug Spending

PhRMA September 3, 2015

Every day patients around the world are living healthier, more productive lives thanks to innovative medicines developed by biopharmaceutical companies. Retail prescription medicines have consistently accounted for just 10 percent of United States health care spending and federal actuaries project this share will remain stable through the next decade. At the same time, these medicines have helped to curb downstream health care system costs by reducing spending on expensive hospitalizations and long-term care. Any discussion of prescription drug spending needs to consider the following five facts.

Download