Related Experiment Videos
Drug Prices: Why So High and Why So #&*! Complicated
Managed Care (Langhorne, Pa.)
|December 23, 2017
Summary
Drug price increases are expected to continue steadily in 2018, rising at a rate similar to last year. The Drug Price Forecast predicts a 7.61% year-over-year increase in healthcare costs.
Area of Science:
- Health Economics
- Pharmaceutical Policy
Background:
- Healthcare spending and drug pricing are critical concerns for policymakers and the public.
- Understanding future trends in drug prices is essential for budget planning and patient access.
Purpose of the Study:
- To forecast the projected year-over-year increase in drug prices for 2018.
- To analyze drug pricing trends in hospital and non-acute care settings.
Main Methods:
- Utilized the Drug Price Forecast data.
- Analyzed data from hospital and non-acute care settings.
- Did not include retail pharmacy data.
Main Results:
- Experts anticipate a steady rise in drug prices for 2018.
- The projected year-over-year increase is estimated at 7.61%.
- This trend is expected to continue at a pace similar to the previous year, exceeding inflation.
Conclusions:
- Drug price inflation is projected to continue its steady upward trajectory in 2018.
- The findings highlight the ongoing challenge of rising healthcare costs in specific care settings.
Keywords:
2018: Year in Preview