Spending growth on prescription drugs will double this year

Hold on to your wallets — the growth in spending on prescription drugs is forecast to more than double this year.

Spending will increase by 6.6 percent in 2018, compared with a 2.9 percent increase last year, according to new estimates released by the Centers for Medicare and Medicaid Services. In actual dollars, spending on medicines is projected to reach $360.2 billion, up from $338.1 billion.

The expected increase is being attributed to several factors.

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Individual plans

Group plans

Monthly

$39

Totals $468 per year

$39/month Get Started

Totals $468 per year

Starter

$20

for 3 months, then $399/year

$20 for 3 months Get Started

Then $399/year

Annual

$399

Save 15%

$399/year Get Started

Save 15%

11+ Users

Custom

Savings start at 25%!

Request A Quote Request A Quote

Savings start at 25%!

2-10 Users

$300

Annually per user

$300/year Get Started

$300 Annually per user

View All Plans

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