Online Pharmacy is perhaps entering a new era of cost saving measure. A Study conducted by the National Institute for Health Care Management Research and Educational Foundation data analysis results concluded that retail sales and individual prescription drug spending rose 18.8% from 1999 and 2000 from $111.1 billion to $ 139.9 billion.
Their studies also indicates that about half (51.4%) of the $20.8 billion in retail drug spending in 2000 occurred among just eight categories of medicines-arthritis, treating cholesterol, chronic pain, depression, ulcers, high blood pressure, diabetes, predisposition to seizures and other stomach ailments.
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The spending on prescription drug had a steady climb in recent years. It has played a big part on the health care cost and health insurance premiums. This trend continues up to this day and even if people, who already have a health plan as part of their health insurance, could still feel the impact of the raising cost on which is being passed onto them indirectly, through higher insurance premiums and co-pays.
There are a lot of factors that contributes to the soaring cost it could be the increase in the number of prescription drugs written, the used of more prohibitive drugs, price increase and the used of Advertising and Marketing campaigns.
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