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[Chart] Pharma Companies Make Billions as Prescription Spending Soars
Prescription drug spending continues to hit record highs, and the world's top pharma companies continue to bank billions.
More than $374 billion was spent on prescription drugs in the United States in 2014, according to a report from the IMS Institute of Health. That was a 13.1% jump from 2013, and the highest growth rate in more than a decade, says ExpressScripts.
Here's a look at how U.S. prescription drug spending has trended over the last 10 years..
Prescription drug spending continues to hit record highs, and the world's top pharma companies continue to bank billions.
More than $374 billion was spent on prescription drugs in the United States in 2014, according to a report from the IMS Institute of Health. That was a 13.1% jump from 2013, and the highest growth rate in more than a decade, says ExpressScripts.
Here's a look at how U.S. prescription drug spending has trended over the last 10 years..