U.S. Drug Spending Increases Most in 13 Years to $373.9 Billion – Bloomberg Business
Often times it seems that the news, particularly economic news is out of step with the price action in the stock market. This headline is not. No wonder healthcare is the best performing sector in the market and likely to continue to outperform with the huge demographic tailwinds behind it. U.S. spending on prescription drugs saw the largest increase since 2001, with the nation’s pharmacy bill rising to $373.9 billion last year as new treatments came to market and manufacturers increased prices on old ones.“Last year’s $43 billion growth in spending on medicines was the highest ever,” said Murray Aitken, … Read more