Price of Brand-Name Drugs Soars

The cost of the most popular brand-name drugs used by older Americans soared 8.3 percent in 2009, according to a new report by the AARP. Researchers examined 217 brand-name drugs, including popular drugs like Nexium, which is used to treat acid reflux. They found that even though consumer prices overall declined by 0.4 percent last year, the cost of brand-name drugs went up. The price of those same medications rose 7 percent in 2008. The AARP report said the retail price of brand-name drugs...Full Story
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