Wednesday, May 13, 2009

US prescription drug use fell in 2008, study says

http://finance.yahoo.com/news/US-prescription-drug-use-fell-apf-15229250.html

Use fell but cost rose, and look what age bracket grew the fastest.
The kids, Pharma's new crop of hooked hopefuls.

Total US prescription use slips 1.1 pct last year, but spending grew 3.3 pct, Medco says

Revenue from specialty drugs rose almost 16 percent for the year. Medco said growing use of low-cost generic drugs reduced the growth in total spending: 64 percent of all prescriptions were filled with generic drugs. Medco and other pharmacy benefits managers make a larger profit when generic drugs are substituted for brand-name ones. They encourage health plans to develop ways to increase use of generics and 90-day mail-order prescriptions.

Some drugs that were previously available only with a prescription changed to over-the-counter status in 2008, reducing total prescriptions. The biggest names were Zyrtec, an allergy medication, and the laxative Miralax. Drug use was essentially flat with 2008 if Zyrtec and Miralax are excluded, Medco said.

Prescriptions for people 19 and under grew faster than for any other age group. Medco said that was due to rising rates of diabetes among the young, and more prescriptions for attention deficit disorder and similar problems.