From 2019 to 2020, half of all drugs covered by Medicare Part B and Part D showed a price increase that was above the rate of inflation. However, 42 percent of Medicare covered drugs showed a reduction in prices.
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Price change among drugs covered by Medicare compared to inflation in 2019-2020
Characteristic
Reduction
Increase below inflation
Increase between inflation and 7.5%
Increase of 7.5% or higher
All Medicare covered drugs (3,911 drugs)
42%
8%
33%
17%
Part B (568 drugs)
46%
6%
30%
18%
Part D (3,343 drugs)
41%
9%
33%
17%
0%25%50%75%100%125%
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"Includes all drug products listed in the CMS Medicare drug spending datasets for Part D and Part B in both 2019 and 2020. Prices are based on average spending per dosage unit and do not account for rebates (in Part D). 2019-2020 price changes compared to the increase in the CPI-U between July 2019-July 2020."
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Kaiser Family Foundation. (February 25, 2022). Price change among drugs covered by Medicare compared to inflation in 2019-2020 [Graph]. In Statista. Retrieved July 18, 2025, from https://www.statista.com/statistics/1313067/medicare-drugs-price-change-vs-inflation/
Kaiser Family Foundation. "Price change among drugs covered by Medicare compared to inflation in 2019-2020." Chart. February 25, 2022. Statista. Accessed July 18, 2025. https://www.statista.com/statistics/1313067/medicare-drugs-price-change-vs-inflation/
Kaiser Family Foundation. (2022). Price change among drugs covered by Medicare compared to inflation in 2019-2020. Statista. Statista Inc.. Accessed: July 18, 2025. https://www.statista.com/statistics/1313067/medicare-drugs-price-change-vs-inflation/
Kaiser Family Foundation. "Price Change among Drugs Covered by Medicare Compared to Inflation in 2019-2020." Statista, Statista Inc., 25 Feb 2022, https://www.statista.com/statistics/1313067/medicare-drugs-price-change-vs-inflation/
Kaiser Family Foundation, Price change among drugs covered by Medicare compared to inflation in 2019-2020 Statista, https://www.statista.com/statistics/1313067/medicare-drugs-price-change-vs-inflation/ (last visited July 18, 2025)
Price change among drugs covered by Medicare compared to inflation in 2019-2020 [Graph], Kaiser Family Foundation, February 25, 2022. [Online]. Available: https://www.statista.com/statistics/1313067/medicare-drugs-price-change-vs-inflation/
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