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Brand-name drug prices outpace inflation

Wednesday, May 26, 2004 Posted: 10:02 AM EDT (1402 GMT)

WASHINGTON (AP) -- Changes in Medicare will do little to shield older Americans from drug prices that are going up much faster than inflation, say two groups pressing for lower drug prices.

AARP and the consumer group Families USA released separate studies Tuesday that show prices for brand-name prescription medicines rose at more than three times the rate of overall inflation last year and that the rate of increase has accelerated in recent years.

Article: http://www.cnn.com/2004/HEALTH/05/26/drug.prices.ap/index.html