Prescription Drugs: Spending, Use, and Prices

JANUARY | 2022 Andy Drugs: Spending, Use, and PricesAt a GlanceIn recent years, policymakers have expressed concerns about the high Prices of Prescription drugs. Those drugs offer wide-ranging benefits, such as reducing the need for services provided by physicians and hospitals, improving the quality of life, and extending life. However, high Prices reduce consumers access to such medications. They also contribute to higher spending that strains budgets, including the federal budget . In this report, the Congressional budget Office examines trends in nationwide spending on Prescription drugs over the 1980 2018 period. The report also provides a more detailed analysis of trends in spending, use, and Prices in the Medicare Part D and Medicaid programs over the 2009 2018 period. Spending on Prescription Drugs. After decades of increases, per capita spending on Prescription drugs began to level off in real terms (that is, with the effects of economywide inflation excluded) in the mid-2000s.

including the federal budget. In this report, the Congressional Budget Office examines trends in nationwide spending on prescription drugs over the 1980–2018 period. The report also provides a more detailed analysis of trends in spending, use, and prices in the Medicare Part D and Medicaid programs over the 2009–2018 period.

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