American prescription drug spending will hit $610 billion by 2021

American prescription drug spending will hit $610 billion by 2021

By 2021 in the USA spending on prescription medicines is expected to soar 4-7%, potentially hitting $580-$610 billion. At least it’s ascertained by Thursday’s report published by QuintilesIMS Holding. The agency has definitely lowered its previous long-term forecast.

QuintilesIMS, complying data for the pharmaceutical industry, had earlier predicted average spending surge of 6-9% by 2021. The agency reduced its projections due to fewer fresh medicines approved in 2016 compared to previous years as drugmakers experience surging pricing pressure as well as competition.

Considering probable manufacturer rebates and discounts, spending would ascend 2-5%, hitting $375 billion to $405 billion by 2021 because net price surges for patent-protected branded drugs decreases, as the report told.

Under pressure from politicians and also as insurers as for the cost of many branded medicines, some drugmakers have promised to restrict annual price lifts to under 10%. 

Similar

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera