Prices for brand name drugs commonly used by older patients rose at nearly twice the rate of inflation during the second quarter, according to the American Asscociation of Retired Persons (AARP).
Manufacturer prices on 193 medicines most commonly prescribed to seniors climbed nearly one percent from March 31 to June 30, which was twice the general inflation rate during the same period.
The AARP, which tracks drug prices quarterly, measured the prices drugmakers charge wholesale distributors for medicines to treat conditions such as high cholesterol, high blood pressure, arthritis pain and osteoporosis.
The group is urging manufacturers to lower the costs for seniors.
It is also urging elderly Americans to sign up for the prescription drug coverage that will start in January under the Medicare federal health insurance plan for the elderly.
103
© 2025 Newsmax. All rights reserved.