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Article: Prescription drugs inflation down from 6.2% to 2.2% in just over 2 years.
- Article from:
- Drug Week
- Article date:
- April 2, 2004
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2004 APR 2 - (NewsRx.com & NewsRx.net) -- Since hitting a 5-year high of 5.0% in November and December 2002, annual health care inflation declined to a current level of 3.8%, according to a report based on U.S. Bureau of Labor Statistics inflation reports.
A drop in annual inflation for prescription drugs has been a key driver in the deceleration of inflation for overall healthcare inflation. Prescription drugs inflation dropped from a 5-year high of 6.2% in November 2001 to 2.2% in January 2004, reported HealthINFLATION News.
In contrast, healthcare expenditures continued to climb with the U.S. government recently reporting healthcare spending rose 9.3% ...