What are the recent and forecasted trends in prescription drug spending?

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Prescription drug growth rates declined from 2000 to 2013, in part due to patent expiries and decreases in generic prices. This downward trend appears to be reversing; spending on prescriptions is estimated to have spiked upwards in 2014 and 2015 with grow rates of 11.6% and 6.8% respectively. This article explores the current trends in prescription drug spending.

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Date: Nov 2015
Author: Peterson-Kaiser Health System Tracker