A new AARP Public Policy Institute report, shows that retail prices for a combined set of 754 widely-used brand name, generic, and specialty prescription drugs increased by an average of 4.2% in 2017, well above the general inflation rate of 2.1% for the same period. This marked the 12th year in a row of often substantial drug price increases.
AARP Foundation Tax-Aide has kicked off volunteer recruitment for its Tax-Aide program, the nation’s largest volunteer-run tax-preparation service. The Foundation is looking to expand its team of volunteers for the upcoming tax season and is accepting new volunteers through the end of October.
During May and June, 15 AARP Foundation Tax-Aide site locations in New Hampshire will be engaging a network of volunteers who will help eligible Granite Staters navigate the process of applying for Low and Moderate Income Homeowners Property Tax Relief. Those whose incomes qualify – regardless of age – may be eligible for tax relief.
Average Brand-Name Drug Price Now Over 18 Times Higher Than Average Generic Drug Price, New AARP Report Shows
The average annual cost of therapy for one widely used brand-name prescription drug in 2017 was over 18 times higher than the cost of therapy for one generic drug, according to a new AARP Public Policy Institute (PPI) report released today. The cost for a generic medication used on a chronic basis averaged $365 per year. In contrast, the average annual cost for a brand-name prescription drug was $6,798.
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