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Portfolio > ETFs > Broad Market

Brand name drug costs burden seniors

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  • 9.7% – Average annual increase in brand name drug manufacturer prices between April 2009 and March 2010.
  • $6,580 – Average annual cost to someone taking three brand name drugs in the same time period.
  • 10% – Average annual manufacturer price increase for brand name drugs with no generic equivalent.
  • 82 – Number of drugs out of 219 in the brand name market that are off-patent.
  • 88% – Percentage of brand name drugs that had a price increase between April 2009 and March 2010.
  • $2,760 – Increase in cost of therapy for someone taking one medication to treat a chronic condition in 2010.
  • 9.7% – Average decrease in price in generic prescriptions used by Medicare beneficiaries.

Source: AARP