Download or read book Making Medicines Affordable written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2018-03-01 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thanks to remarkable advances in modern health care attributable to science, engineering, and medicine, it is now possible to cure or manage illnesses that were long deemed untreatable. At the same time, however, the United States is facing the vexing challenge of a seemingly uncontrolled rise in the cost of health care. Total medical expenditures are rapidly approaching 20 percent of the gross domestic product and are crowding out other priorities of national importance. The use of increasingly expensive prescription drugs is a significant part of this problem, making the cost of biopharmaceuticals a serious national concern with broad political implications. Especially with the highly visible and very large price increases for prescription drugs that have occurred in recent years, finding a way to make prescription medicinesâ€"and health care at largeâ€"more affordable for everyone has become a socioeconomic imperative. Affordability is a complex function of factors, including not just the prices of the drugs themselves, but also the details of an individual's insurance coverage and the number of medical conditions that an individual or family confronts. Therefore, any solution to the affordability issue will require considering all of these factors together. The current high and increasing costs of prescription drugsâ€"coupled with the broader trends in overall health care costsâ€"is unsustainable to society as a whole. Making Medicines Affordable examines patient access to affordable and effective therapies, with emphasis on drug pricing, inflation in the cost of drugs, and insurance design. This report explores structural and policy factors influencing drug pricing, drug access programs, the emerging role of comparative effectiveness assessments in payment policies, changing finances of medical practice with regard to drug costs and reimbursement, and measures to prevent drug shortages and foster continued innovation in drug development. It makes recommendations for policy actions that could address drug price trends, improve patient access to affordable and effective treatments, and encourage innovations that address significant needs in health care.

Download or read book Cost Containment Strategies for Prescription Drugs written by Jack Hoadley and published by . This book was released on 2005 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Drugs and Money written by Maurice Nelson Graham Dukes and published by IOS Press. This book was released on 2003 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edition aims to provide policy makers and regulators with a compact and practical review of the various approaches that have been developed and tested to date in an effort to contain the overall costs of pharmaceutical services and drug treatment.

Download or read book Cost Containment Sourcebook written by and published by . This book was released on 1984 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cost Containment for Prescription Drugs written by Maine. Legislature. Joint Standing Committee on Business Legislation and published by . This book was released on 1989 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Impact of Cost Containment Mechanisms on Outpatient Prescription Drug Utilization in Health Maintenance Organizations written by Rungpetch Charoenvisuthiwongs and published by . This book was released on 1993 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Effective Cost Containment Strategies for Medicaid Prescription Drug Programs written by Robin Cohen and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Identifies Medicaid prescription drug cost containment strategies in other states that have successfully reduced Medicaid drug spending.

Download or read book Cost Containment for State Prescription Drug Expenditures written by Missouri. State Auditor and published by . This book was released on 2002 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Medicaid and the Prescription Drug Benefit written by Linda C. Elam and published by . This book was released on 2002 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Moving Prescription Drugs to the Over the counter Market written by Sheila R. Shulman and published by . This book was released on 1994 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Medical Innovation in the Changing Healthcare Marketplace written by National Research Council and published by National Academies Press. This book was released on 2002-05-06 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: A wave of new health care innovation and growing demand for health care, coupled with uncertain productivity improvements, could severely challenge efforts to control future health care costs. A committee of the National Research Council and the Institute of Medicine organized a conference to examine key health care trends and their impact on medical innovation. The conference addressed the following question: In an environment of renewed concern about rising health care costs, where can public policy stimulate or remove disincentives to the development, adoption and diffusion of high-value innovation in diagnostics, therapeutics, and devices?

Download or read book Study of Charges for Prescription Drugs in Nursing Homes written by Florida. Health Care Cost Containment Board and published by . This book was released on 1992 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Effects of Pharmaceutical Cost Containment Policies on Physician Prescribing Behavior written by The Korea Institute for Health and Social Affairs (South Korea) and published by 길잡이미디어. This book was released on 2014-10-30 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: CHAPTER 1 Introduction 1. Financial Incentives to Control Pharmaceutical Expenditures 2. Pharmaceutical Expenditures and Use of Therapeutic Agents in Korea 3. Research Purpose CHAPTER 2 Methods 1. Data 2. Analysis Model and Parameter Measurements 3. Statistical Analysis CHAPTER 3 Results 1. General Overview 2. Effects of Pharmaceutical Policy Changes on Drug Prescriptions CHAPTER 4 Discussion 1. Discussion on Methods 2. Discussion on Results 3. Limitations of This Study 4. Policy Implications and Tasks for the Future

Download or read book Prescription Drug Pricing written by Jonathan R. Dickson and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growing cost of brand-name prescription drugs can be a burden on patients, payers and providers of health care, particularly when price increases are large and occur suddenly. Controlling rising prescription drug prices helps to ensure that patients can afford medically necessary and sometimes life-saving medication, and to moderate costs for hospitals and third-party payers such as insurance plans and state and federal governments. This book examines prescription drug pricing costs and control concerns with a focus on extraordinary price increases for brand-name prescription drugs, as well as the characteristics and factors that contributed to this price increase.

Download or read book Report 1 Prescription Drug Cost Containment Report written by Deborah K. Fleming and published by . This book was released on 2004 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reports covers: Medicaid Prescription Drug Program, Kid Care CHIP (State Children's Health Insurance Program, SCHIP), AIDS Drug Assistance Program (ADAP), state-funded renal dialysis program, and state-funded Prescription Drug Assistance Program (PDAP).

Download or read book Prescription Drug Cost Containment Report 2 written by Wyoming. Department of Health and published by . This book was released on 2005 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reports covers: Medicaid Prescription Drug Program, Kid Care CHIP (State Children's Health Insurance Program, SCHIP), AIDS Drug Assistance Program (ADAP), state-funded renal dialysis program, and state-funded Prescription Drug Assistance Program (PDAP).

Download or read book A Study on Generic Prescription Substitution Policy as a Cost Containment Approach for Michigan s Medicaid System written by Khandaker Nayeemul Islam and published by . This book was released on 2014 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing health care costs have made management of Medicaid services to provide low income families through Medicaid programs critical in the recent times. The number of Medicaid beneficiaries in Michigan has increased over the years mainly due to the downsizing of auto sectors. Currently, states spend almost 16 percent of their budget for Medicaid, making it the second largest item in the budget for most. Prescription drugs are a significant part of Michigan's Medicaid costs. Higher costs caused a tremendous fiscal burden on Michigan in administering the program and providing prescription drugs for its patients. Michigan has implemented several strategies for Medicaid since 2001, which have brought modest results in terms of Medicaid cost containment. An AARP report found that 80 percent of drugs have therapeutic equivalents or generics available in the market while 20 percent of drugs have no generic substitutions. But depending on the nature of diseases generic substitutions for Medicaid prescription drugs could be much higher than 80 percent. Previous research suggests that Michigan has the potential to increase generic substitutions at least 10 percent to 15 percent. This study examined whether a generic substitution policy would be an efficient and effective cost containment strategy for Michigan Medicaid prescription drug programs. This research emphasized three questions: First, would a generic substitution policy be an efficient strategy in containing Medicaid prescription drug program costs for Michigan? Second, did any heavily used brand drugs exist which had generic equivalents allowing Michigan to safely reduce Medicaid prescription drug costs by implementing a generic substitution policy? Third, if the answer was yes to both questions, then approximately what amount could Michigan save per year by implementing the generic substitution policy? This research found that Michigan could save 170 million dollars by implementing a generic substitution policy in the prescription drugs program within the selected six year period between 1999 to 2010 . In 2010, Michigan could save more than 16 million dollars by only prescribing generics, instead of ten brand drugs. A total savings from generics could be approximately 40 million dollars if only generics were prescribed instead of brand drugs. The total amount could be much higher if the multi-vitamin category was included.