Fact vs. Fiction: PhRMA’s 10% Talking Point Edition
PhRMA often uses “retail prescription medicines” and “prescription medicines” interchangeably in discussing the total cost of drugs to the U.S. health care system. PhRMA also makes sure to note regularly that drug spending accounts for “only 10 percent” of all healthcare spending.
The reality is that many of the fastest growing categories of drug spending result from drugs administered in physicians’ offices and hospitals—numbers not accounted for in “retail” prescription medicines. The truth is that total prescription drug costs are closer to 20% of health care costs.
Check out the attached, and linked document to see the overused “PhRMA Talking Points” vs. “The Truth…”Download the PDF