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%.