Prescription drug spending hits records levels — 4 insights

On March 8, federal officials reported prescription drug spending is exceeding overall national healthcare spending, according to The Hill.

Here are four insights:

1. In 2014, drug spending rose 12.6 percent, the Department of Health and Human Services reported.

2. Drug spending is expected to grow by nearly 7.3 percent each year through 2018.

3. Between 2008 and 2012, drug spending only increased 2 percent.

4. Officials reported the increasing demand for costly medications is driving the majority of the increased spending.

More articles on quality & infection control:
AHRQ: Pharmacists play crucial role in patient safety in ambulatory settings — 4 observations
49 medical tech companies pledge to share data for patient safety: 5 takeaways
Quality reporting costs $15.4B per year: 5 things to know

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