PhRMA critical of 'misleading' Medicare Part D drug cost figures

19 August 2016

US trade group PhRMA has said that new government data on the cost of prescription drugs paints a ‘misleading picture’ about the Medicare Part D program because it fails to include discounts and rebates negotiated directly with manufacturers.

The figures show that spending on prescription drugs in Medicare Part D increased by 17% from 2013 to 2014 to $121 billion – although PhRMA believes a figure of around half that total may be more accurate.

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