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AARP Says Specialty Drug Prices Continue 12-Year Surge | Sierra Sun Times

June 25, 2019 – WASHINGTON—The prices of widely used specialty prescription drugs grew more than three times faster than general inflation in 2017, according to a new AARP Public Policy Institute report released yesterday. The new report found that the average annual price for a single specialty drug used on a chronic basis is now nearly $79,000, compared to $27,824 in 2006.

Specialty drugs often require special administration and handling and are used to treat conditions that often affect older populations, including cancer, rheumatoid arthritis, and multiple sclerosis.

The AARP report found that the average annual cost for a single specialty drug was:

  • Almost $20,000 more than the median U.S. household income ($60,336)
  • More than three times the median income for Medicare beneficiaries ($26,200)
  • Over four-and-a-half times higher than the average Social Security retirement benefit ($16,848)

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AARP Says Specialty Drug Prices Continue 12-Year Surge.

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