New report finds COVID-19 pandemic causes dramatic shifts in prescription drug spending
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21 April 2021New report finds COVID-19 pandemic causes dramatic shifts in prescription drug spending
The COVID-19 pandemic heavily influenced spending on prescription drugs in the U.S. in 2020, according to the ASHP’s (American Society of Health-System Pharmacists) National Trends in Prescription Drug Expenditures and Projections for 2021. Shifts in care related to the pandemic will continue to be a significant driver of drug expenditures in 2021, along with uptake in the use of biosimilars, a large pipeline of new cancer drugs, and increased approvals of specialty medications.
