Skyrocketing Costs of Prescription Drugs
An In-Depth Look at Pharmaceutical Factors
The U.S. healthcare system spent $603 billion on prescription drugs in 2021.
Prescription drug prices in the U.S. are 2.4 times higher than the average prices of many other nations.
In 2021, only 8% of prescription drugs dispensed in the U.S. were brand name but accounted for 84% of total drug costs.
The pharmaceutical industry spends over $6 billion annually marketing brand name directly to consumers.
In 2021, specialty drug spend was over $301 billion and was 50% of total drug spending.
Pharmacy Transparency Matters
When patients understand their out-of-pocket costs for treatment, including prescriptions, they are empowered to be engaged and make choices about their care resulting in improved outcomes. Download our White Paper series to learn more about healthcare transparency.
Contact us today to learn how the Prescription Network Intata model offers full transparency of pharmacy benefits to the health plan, the provider and the patient.