Drug Prices Soar

[jeffrey]

Prices for name-brand medicines most commonly prescribed for seniors have risen at least three times faster than inflation in the last four years, two groups seeking lower prices said Tuesday.

The multiyear price increases outstrip the discounts that will be available to seniors beginning June 1 with a new Medicare discount card. The Bush administration predicts savings of 15% or more for those who pay up to $30 a year to participate.

One of the new studies was done by AARP, the nation's largest organization of Americans 50 and older. The group provided crucial support for the new Medicare law that passed Congress last fall but has since lobbied to reduce drug costs... [read more at usatoday.com]

For safe ways to reduce drug prescription costs beyond discount pharmacies, read the SavingAdvice.com article, Save On Prescription Drugs