Source: S. Schondelmeyer and L. Purvis, RX Price Watch Reports. Washington, DC, AARP Public Policy Institute.
Notes:
A brand
name drug is defined as a product marketed by the original holder of a new drug
application (NDA) or biological license application (BLA) (or related
licensees) for a given drug entity. The brand name drug market basket contains
227 drug products.
A generic
drug is defined as any drug product marketed by an entity other than the NDA or
BLA holder or related licensees. The generic drug market basket contains 280
drug products.
For the
purposes of this report, specialty prescription drugs are defined as
prescription drugs that are: (1) administered by injection, such as
intravenous, intramuscular, sub-cutaneous, or other injection site (not
including insulin); (2) any dosage form that has a total average prescription
cost greater than $1,000 per prescription; or (3) any dosage form that has a
total average cost per day of therapy greater than $33 per day. The specialty
drug market basket contains 115 drug products.
The
combined market basket is a combination of the brand name, generic, and
specialty market baskets and contains 622 widely used drug products.
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