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More evidence that medicine prices are growing at slowest rate in decades

11:30 EDT 4 Oct 2019 | PhRMA

This week the White House Council of Economic Advisers (CEA) released yet another report showing that medicine prices are growing at the slowest rate in decades. The report, “Measuring Prescription Drug Prices: A Primer on the CPI Prescription Drug Index,” focuses on the Bureau of Labor Statistics’ (BLS) Consumer Price Index for prescription drugs (CPI-Rx).  According to the CEA, “list prices are perhaps the least important measure of price for prescription drugs” versus the CPI-Rx, which reflects actual prices received by pharmacies and accounts for changes in medicine utilization as new generic competitors enter the market.

Original Article: More evidence that medicine prices are growing at slowest rate in decades

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