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Forecast Predicts 4.92% Increase in Pharmaceutical Prices for 2019

Provista and its contracting partner Vizient, Inc. have released the latest 2018 Drug Price Forecast, which estimates health systems can expect a 4.92% increase in the price of pharmaceuticals in 2019. This estimate represents an anticipated slower rate of growth as compared to previous forecasts.

Although the rate of price increases is projected to slow, the specialty pharmacy market is expected to continue its rapid pace of growth, which accounts for the majority of overall price inflation. According to a recent industry analysis, specialty pharmaceuticals now account for more than 46% of the total spend on drugs in the U.S., in spite of being used for very small and targeted patient populations.

Review the infographic below to see how you can plan for 2019.

 

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