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New Data Show Increased Medicare Rx Drug Spending

Spending on prescription drugs in the Medicare Part D Prescription Drug Program rose 17 percent in 2014, according to new data released by the Centers for Medicare & Medicaid Services (CMS).

The data show that Medicare Part D spending increases outpaced overall prescription drug spending increases, which rose 12.6 percent during the same period.

This second annual data release is part of the administration’s strategy to create a more-transparent health care system. The data set includes information from more than 1 million health care providers on prescription drugs paid for by Medicare Part D, including aggregate information on opioids, antibiotics, antipsychotics, and high-risk medications for the elderly.

Contact Director of Policy Erin O’Malley at eomalley@essentialhospitals.org or 202.585.0127 with questions.

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About the Author

Matt Buechner is the policy and advocacy associate for America's Essential Hospitals.