No. Since 2008, the amount of money Americans spent on prescription drugs only increased by 1 percentage point annually, far lower than other health-care services. Once rebates and other discounts were accounted for, per-capita spending fell by 2.2 percent. In a reflection of that trend, premiums for Medicare prescription-drug plans are projected to fall for the second year in a row in 2019. In contrast, spending on hospitals and physicians have increased by 4.7 and 5.4 percent, respectively.