The National Community Pharmacists Association (NCPA) slammed pharmacy benefit managers for pursuing profit over client interests after a report from AARP found retail prices of brand-name drugs skyrocketed in 2009.
AARP's analysis of prescription drug retail price trends found while manufacturer prices for widely used brand-name drugs increased 9.3 percent in 2009, retail prices for the same drugs climbed nearly as quickly at 8.3 percent, and by 41.5 percent over the past five years – rates well in excess of inflation.
All but six of the 217 brand name prescription drugs studied by AARP had retail price increases exceeding general inflation last year. Each of the top 25-selling brand-name drugs had price increases, with most jumping more than five percent.
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