Chart 1.10: Total Prescription Drug Spending, 1990-2023

Source: Centers for Medicare & Medicaid Services. Data released December 2024. National Health Expenditures by types of service and source of funds, CY 1960-2023. See the source report here
Notes:
(1) CMS completed a benchmark revision in 2019, introducing changes in methods, definitions and source data that are retroactively applied to the entire time series. For more information on this revision, see source information here
(2) Total Prescription Drug Spending is expressed in the current year's dollar, 2023.