U.S. Spending on Prescription Drugs Rose 3.2% in 2013

After rising only 1% in 2012, Americans' spending on prescription medicines in 2013 increased 3.2% to nearly $330 billion, according to a report by the IMS Institute for Healthcare Informatics. "Following several years of decline, 2013 was striking for the increased use by patients of all parts of the U.S. healthcare system – even in advance of full implementation of the Affordable Care Act,” stated Murray Aitken, executive director of the IMS Institute for Healthcare Informatics. "Growth in medicine spending remains at historically low levels despite a significant uptick last year, and continues to contribute to the bending of the healthcare cost curve.” (Source: NACDS E-ssentials)