HealthDay News — Retail prescription drug prices in the United States fell by 1% last year, a new government report shows.
The report said the overall decrease was due to drops in generic drug prices and slow growth in the cost of brand-name medications, the Associated Press reported.
It is the first such decline in 45 years, according to US Department of Health and Human Services experts. The last one was a 0.2% decrease in 1973.
Only retail pharmacy prescriptions had an overall price drop, not medications given in hospitals or doctor’s offices, the AP reported.