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OECD warns high-priced drugs are stretching health budgets

(Reuters) Specialty medicines for which pharmaceutical companies demand high prices are straining wealthy nations' health budgets, the OECD said on Wednesday, with drugs accounting for some 20 percent of all health spending.
Across the 33 OECD countries, pharmaceutical spending reached $800 billion in 2013, and new drugs and rising demand are likely to continue to push that level higher, the Organisation for Economic Co-operation and Development said.
On average, one in every five health dollars is spent on pharmaceuticals in OECD countries, raising concerns about how long patients and governments can afford such expensive drugs.
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