Branded Rx Prices Rise; Generics Stay Low

Published Online: Tuesday, August 1, 2006

According to a new AARP study, generic drugs are a better bargain than ever, and the new Medicare Part D prescription drug benefit has not held down the cost of branded pharmaceuticals. The senior group reported that brand name drug prices climbed nearly 4% during the first 3 months of the year?the biggest jump in 6 years. Generic drug manufacturers, however, have held the line on their prices during that same period.The result: a wider-than-ever price gap between branded and generic prescription drugs.

Researchers for AARP surveyed the wholesale price of 197 brand name and 75 generic drugs. A separate study by Families USA found that the median wholesale price for the top 20 drugs prescribed to seniors rose by 3.8% from November 15, 2005, to mid-April. AARP said the sleep medication Ambien showed the heftiest price increase?a 13.3% jump for the 5-mg strength, in addition to a 20% hike the year before.

Latest Articles
Beverly Schaefer, RPh, of Katterman's Sand Point Pharmacy in Seattle, Washington, shares some fun tips on how to encourage patients who travel to come to your pharmacy for supplies.
Donnie Calhoun, RPh, PD, National Community Pharmacists Association (NCPA) Foundation vice president, discusses how pharmacists can prepare themselves and their business before, during, and after a disaster.
Ken Whittemore Jr, Surescript's senior vice president of professional and regulatory affairs, talks about some new transactions available that can help pharmacists.
In case you got caught up in the Thanksgiving holiday rush, here are the top trending stories you may have missed in November:
Latest Issues