AHIP’s Deceptions and Distortions About Prescription Costs and Value : Part One
AHIP Deception: Drug costs are unsustainable.
Facts: In 2013 prescription drugs were 8.9% of health care spending. In 2022 they will be 9.1% of total health expenditures.
(This and other data was compiled from CMS statistics. National Health Expenditure (NHE) Amounts by Type of Expenditure and Source of Funds: Calendar Years 1965-2022 in PROJECTIONS format . The raw numbers are here: NHE Historical and Projections 1965-2022
The projections are based on the 2011 version of the NHE released in January 2013.)
Fact: In 2013 prescription drug spending by AHIP was 12 percent of the $962 billion it spent on health care. In 2022 it will be 12 percent of the $1.6 trillion private insurance will pay out for health care
And finally Rx spending by AHIP as percent of total US healthcare spending remains steady at 4 percent.
If you are going to lie, it has to have some element of truth to be effective..