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Prescription drugs represented the largest portion of the Medicaid programâs asthma-related expenses âgrowing from $223.5 million, or 53.1 percent of all asthma-related Medicaid spending, in SFY 200809 to $306.- 6 million, or 57.6 percent, in SFY 2012-13.
The average annual cost of prescription drugs widely used by the elderly increased from $5,571 in 2006 to $11,341 in 2013, according to the latest study on drug price trends conducted by AARP, a powerful lobbying group for older Americans.