Express Scripts 1999 drug trend report: Seniors hit hardest by record 17.4-Percent prescription drug spending increase

ST. LOUIS, MO, June 27, 2000 -- Spending on prescription drugs increased a record 17.4 percent last year, with senior citizens 70 years or older seeing the biggest cost increases per prescription. Higher prescription costs and greater drug utilization drove the spending increase, which was less for plan sponsors that actively managed their pharmacy benefits.

These are among the findings included in the 1999 Drug Trend Report, released today by Express Scripts Inc. at its annual Outcomes Conference. The company is the nation's largest independent pharmacy benefit manager, serving more than 38 million Americans.

According to the report, the average cost of a prescription rose 9.6 percent in 1999, reflecting the effect of higher prices and other factors.* Greater prescription drug utilization and, to a lesser extent, new drugs were responsible for the remainder of the spending increase. The result was a per-member-per-year (PMPY) average wholesale price (AWP) ingredient cost of $387.09 in 1999, up from $329.83 in 1998 (AWP does not reflect retail network discounts, mail discounts, dispensing fees and member contributions).

Analysis of a sample of the Express Scripts drug trend database showed the average cost of a prescription rising most rapidly for seniors 70 and above by 14.0 percent in the 70 to 79-year bracket and by 16.4 percent for those 80 and above.

At the Express Scripts Outcomes Conference, researchers reported on a study of prescription utilization patterns among seniors. Included in the study were more than 52,000 continuously enrolled seniors covered under commercial plans and over 20,000 enrollees of a Medicare + Choice plan. The Medicare + Choice plan portion of this study was funded by the Robert Wood Johnson Foundation's Changes in Health Care Organization and Financing Program.

Plan participants aged 65 or older enrolled in commercial health plans used an average of 29 prescriptions per year, more than four times th

Contact: Ryan Soderstrom
Kupper Parker Communications

Page: 1 2 3 4

Related medicine news :

1. New evidence about positive three-tier co-pay performance presented at Express Scripts 2000 Outcomes Conference
2. Tracking trends in cochlear implant complications using a federal database
3. Changing trends in herbal supplement use
4. New figures highlight trends in drug and alcohol misuse
5. Study of trends in celiac disease
6. Different approaches required for monitoring suicide trends
7. Screening for depression at primary level could be next trend in healthcare
8. Study identifies trends in self-referred imaging
9. First quarter prescription drug spending: Generic drugs slow upward trend
10. Why trends in stroke death in 20th century appeared different to death from heart disease
11. CDC reports latest syphilis trends in United States

Post Your Comments:

(Date:9/17/2019)... (PRWEB) , ... September 17, 2019 , ... ... to join the largest accountable care organization (ACO) in the country, the company ... this groundbreaking collaboration to improve care quality and increase cost efficiency. This opportunity ...
(Date:9/17/2019)... ... 17, 2019 , ... Dr. Perry Patel, the dentist ... the American Academy of Facial Esthetics (AAFE) to administer Botox and dermal filler ... conditions such as tooth clenching and grinding, tongue tension, temporomandibular joint disorders, commonly ...
(Date:9/17/2019)... ... September 17, 2019 , ... The Center for Information ... of the third edition of The Gift of Participation. Written by CISCRP Founder, ... families to navigate the clinical research process. The new edition offers a fresh ...
(Date:9/14/2019)... (PRWEB) , ... September 13, ... ... Society (WMIS) showcased several first-in-human studies on the detection and treatment of ... two examples of these ground-breaking studies were noninvasive detection of residual HIV ...
(Date:9/11/2019)... ... September 12, 2019 , ... “Heart Seizures”: a useful ... coronary artery disease as he hopes to prevent anyone from having it and to ... author John Saltwick, a writer who was diagnosed with coronary artery disease. Predicted to ...
Breaking Medicine News(10 mins):
(Date:9/17/2019)... Ill. (PRWEB) , ... September 17, 2019 , ... ... Illinois has joined the esteemed Haute Beauty network. , The Haute Beauty Network, ... to present Dr. Babis Rammos as a body expert and our newest addition ...
(Date:9/14/2019)... ... September 13, 2019 , ... Braun Industries, Crestline Coach Ltd, and ... service and wish him well on his retirement. Braun Industries and Crestline Coach invite ... contact them direct for inquires related to new ambulance sales and service. , ...
(Date:9/14/2019)... ... September 14, 2019 , ... ... plaintiffs living with peritoneal mesothelioma, a jury in Middlesex County found Johnson & ... of plaintiffs alleging their mesotheliomas were caused by asbestos-containing J&J talc products. ...
Breaking Medicine Technology:
Cached News: