ARTICLE | Strategy
GAO unmasks drug price index
June 5, 1995 7:00 AM UTC
WASHINGTON - A General Accounting Office investigation of government drug price monitoring has raised doubt about the value of the official drug price inflation measure as a policy-making tool.
The GAO's report last week, "Prescription Drug Prices: Official Index Overstates Producer Price Inflation," not only concludes that the Bureau of Labor Statistics' PPI-Drugs Index overstates prescription drug inflation, but also is unsuitable for relating the benefit of drugs to prices...