The AARP has just published its annual survey of the wholesale prices of brand-name drugs commonly taken by older Americans.
In short, prices rose by 7.1% in 2004, while the Consumer Price Index rose 2.7%. Since 1999, the increase was 35.1% while inflation was 13.5%.
The news story in USA Today is here. The actual report is here.
A spokesman for the Pharmaceutical Research and Manufacturers of America called the results "exaggerated and misleading."
Let's see who gets the blame for this...
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