For Immediate Release
July 29, 2015
National Health Expenditure Projections Show Sharp Rise in Rx Spending
The latest National Health Expenditure data released yesterday reflected a sharp increase in prescription drug spending as a result of expensive hepatitis C drugs. These pricey medications helped drive U.S. health care expenditures to $3.1 trillion last year, and by 2024, health care is projected to consume 19.6 percent of the economy.
In response to these latest spending reports and projections, John Rother, president of the National Coalition on Health Care and leader of the Campaign for Sustainable Rx Pricing, issued the following statement:
“These numbers paint a troubling picture for the future of the American economy. The dramatic rise in prescription drug spending proves that it is more important than ever to advance a solution to monopolistic drug pricing. We cannot afford to continue on this unsustainable path.”