Study: Prices of brand-name drugs increased faster than inflation

04/12/2005 | Reuters

An AARP study to be released today shows the prices for brand-name drugs rose an average of 2.5 times greater than the inflation rate last year while the prices for generics remained unchanged. The report said manufacturer prices for the brands increased by 7.1%, compared with 7% the previous year, marking the fifth straight year drug price increases outpaced inflation.

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