Earning a living as a pharmacy affiliate? Then the great news is here. The prices of the twenty top and the most often-prescribed brand-name meds for seniors have seen an enormous growth in 10 times more than the annual rate of inflation over the past 5 years, according to a report by the U.S. Senator Claire McCaskill, released on March 26, 2018.
The study mentioned above analyzed the expenses of the 20 most frequently prescribed meds under the Medicare Part D program from 2012 to 2017. From the list of these 20 best-selling meds, 12 drug prices increased by more than 50% over the last five years and six of them had seen price increases of more than 100%, the study said. The study has also stated that total sales revenue from these prescriptions increased by almost $8.5 billion during that period.
Americans spend quite a lot on the prescription medicine — much more than in any of the other countries all over the world. But what really sets the USA apart from most countries is the extremely high prices.
US spending on the prescription meds has risen to $453bn during the last year. Gross spending on meds has risen 1.4% in 2017, while net spending — which accounts for manufacturer discounts and rebates — increased to 0.6% more. The study predicted that spending on drugs would see the boost in the future years and that overall spending on meds would reach $550bn-$600bn until 2022.
Many of the drugs whose list prices increased have lower-priced generic competitors in the USA, including male-impotence pill Viagra, the price of which has risen considerably in recent years. The list price for a month’s supply of Viagra rose 9.4% to $2,211 on July 1, after a similar price increase on Jan. 1.
How does it affect the RX affiliate program participants? Our suggestion is to make emphasis on the US market and pay attention to generic medications. The generic meds are becoming especially popular on the wave of the enormous growth in the prices of the brand-name drugs. In the conditions of growing healthcare costs, make sure to get the most marketing benefit out of free worldwide delivery and coupon discounts, provided by the OnlineRxMaster.
In all other respects, growing medication prices mean higher profits for those promoting them. Join our online pharmacy affiliate program, and you will be able to use a choice of optimized and convenient website templates for easy and profitable promotion. For more information about the OnlineRxMaster, feel free to explore our home page.