Tuesday, April 10, 2012

Report: Dips in doc visits, drug spending bode ill for healthcare costs


Insured patients spent $49 billion in 2011 for out-of-pocket expenses for prescription drugs, which was $1.8 billion less than in 2010. The report said a decline in co-pays for seniors participating in Medicare Part D fueled some of that drop.

Total spending on medicines equaled $320 billion, approximately $50 billion more than in 2010 and $125 billion more than 2002. Spending on new brands rose more than $12 billion in 2011, while spending on generics increased by $5.6 billion.

Posted via email from Jack's posterous

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