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Prescription study shows modest increase in spending

  • Per CVS Caremark's (CVS) Insights report prescription drug trend rose 3.8% last year versus flat growth in 2012. Growth drivers were price inflation and increased utilization (more prescriptions per member).
  • Specialty medications that treat more complex diseases grew by 15.6%.
  • The company generates the report, which includes an outline of cost containment strategies, to assist payers with their management of prescription drug spending.
  • Drug trend is the measure of growth in prescription spending per member per month.
  • The generic dispensing rate was 81.4%.
  • (RAD) (WAG)
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