CMS projects increasing prescription drug spending

CMS's Office of the Actuary said 2014 prescription drug spending is expected to increase by 6.8% to $290.7 billion, or 9.5% of projected total healthcare spending, with the growth driven in part by the newly insured and people switching insurance plans under the Affordable Care Act. The agency also attributed the increase in part to new HCV treatments, as well as increased spending on specialty drugs. ...