Last edited by Bragar
Saturday, February 1, 2020 | History

4 edition of Assessing consumer gains from a drug price control policy in the U.S. found in the catalog.

Assessing consumer gains from a drug price control policy in the U.S.

Rexford E. Santerre

Assessing consumer gains from a drug price control policy in the U.S.

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  • 10 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Places:
  • United States.
    • Subjects:
    • Drugs -- Prices -- Government policy -- United States.,
    • Drug development -- Economic aspects -- United States.,
    • Consumer protection -- United States.

    • Edition Notes

      StatementRexford E. Santerre, John A. Vernon.
      SeriesNBER working paper series ;, working paper 11139, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 11139.
      ContributionsVernon, John A., National Bureau of Economic Research.
      Classifications
      LC ClassificationsHB1
      The Physical Object
      FormatElectronic resource
      ID Numbers
      Open LibraryOL3477103M
      LC Control Number2005616717

      As this responsiveness increases, price controls become costlier. Visit consumerreports. This education includes drug information monographs to provide adequate resources to physicians in making clinical prescribing decisions, pharmacy education regarding any changes in the formulary, and patient education within the managed care system. Also, some countries rely more on cheaper, generic versions of original medicines. The FDA does not believe that increased numbers of warning letters reflect a growing problem in drug quality, but rather our ability to best utilize our resources to target problem areas.

      Show details about this statistic As a Premium user you get access to background information and details about the release of this statistic. It is becoming increasingly difficult, at both the individual and societal level, to afford to pay for such medications, as the use of specialty pharmaceuticals continues to increase along with their cost, which had, throughrisen faster than inflation for many consecutive years AARP About one-third of OECD countries use this tool to decide pricing and reimbursement, but few have formal programmes for original assessment and valuation. Those who lacked insurance coverage or were in low-income brackets had very high rates of non-compliance with their medication, even though the United States has drug coverage policies for those with low incomes. If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form.

      While getting the best possible bargain today might mean fewer new medicines to meet health challenges in the future, policies that consider the benefits new medicines provide relative to their cost can help to meet both objectives. It remains, however, a technically challenging and value-laden exercise. However, the U. In Julythe FDA generic drug application backlog comprised 4, generics. K, the U.


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Assessing consumer gains from a drug price control policy in the U.S. by Rexford E. Santerre Download PDF Ebook

An additional 2 million packages of pharmaceuticals arrive annually by international mail from Thailand, India, South Africa and other points". Conclusions and Implications for U.

Monopolizing orphan drugs has proven to be a very profitable strategy for drug companies; rare diseases have few patients so heavy investment into marketing is not needed and patients rarely have other options. When significant issues are uncovered at a foreign manufacturing facility, the Assessing consumer gains from a drug price control policy in the U.S.

book acts swiftly to protect patients by placing the facility on import alert to block their medicines from reaching U. The analysis simulated the effects of two kinds of regulation: 1 price controls in which consumer prices remain constant but manufacturer revenues are reduced and 2 reduced copays in which manufacturer revenues remain constant but consumer copays are reduced.

Please do not remove this message until conditions to do so are met. Approaches that reduce consumer costs by cutting copayments without affecting pharmaceutical revenues are more likely to benefit both current and future generations of consumers.

Hooper and David R. This education includes drug information monographs to provide adequate resources to physicians in making clinical prescribing decisions, pharmacy education regarding any changes in the formulary, and patient education within the managed care system.

Follow the Debate References Joseph H. FDA laboratory testing for drug quality has consistently shown medicines manufactured in foreign countries meet U. The estimates were based on data on the near-elderly in the United States and the EU, and they focused on the youngest cohort of this population: those age 55—59 in each of the next six decades — Congress could also grant the FDA the ability to change the exclusivity period for new drugs.

Approaches that reduce consumer costs by cutting copayments without affecting pharmaceutical revenues are more likely to benefit current and future generations of consumers.

Healthcare providers can substitute three-month for one-month supplies of medicines. Use Adobe Acrobat Reader version 10 or higher for the best experience. However, drug companies have balanced pricing drugs too low with the ability to enact price increases at steady intervals. The LCA, or low-cost alternative program establishes the price of generics for payment regardless if brand or genetics are used.

Reducing Copays. In general, price controls reduced life expectancy over time. Assuming that innovation does not respond to revenues at all — not considered a plausible relationship — price controls generate a modest net benefit to Americans age 55—59 and have no impact on Europeans.

To further help ensure access, we prioritize review of generic drug applications for drugs in shortage. How Drugs Are Priced Because of drug companies' pricing power and their ability to increase prices without regulation, the worry about sluggish demand is far down on the list of concerns in relation to pricing.

For instance, insurance subsidises the amount individuals spend on pharmaceuticals. How Robust Are the Results?In alone, the U.S. brought in more than $ billion in prescription drugs sold in retail outlets.

U.S. Food and Drug Administration

The major key to this high revenue is repetitive price increases. There are numerous challenges inherent in conducting the type of economic impact analysis the U.S.

Food and Drug Administration (FDA) uses to inform its regulatory activities. control policies. Assessing Consumer Gains from a Drug Price Control Policy in the U.S.

Find Drugs & Conditions

Rexford E. Santerre and John A. Vernon NBER Working Paper No. FebruaryRevised February JEL No. I1, L5, K2 ABSTRACT This paper uses national data for the period to to estimate an aggregate private consumer demand for pharmaceuticals in the galisend.com by: galisend.com provides accurate and independent information on pdf than 24, pdf drugs, over-the-counter medicines and natural products.

This material is provided for educational purposes only and is not intended for medical advice, diagnosis or treatment. Data sources include IBM Watson Micromedex (updated 3 Feb ), Cerner Multum™ (updated 5 Feb ), Wolters Kluwer™ .ate to combine different policy options to maximize their benefits and effectiveness in order to control drug spending.

Strategy One: Increase Drug Price Transparency Promoting greater transparency in the current opaque pricing and payment environment may be a help-ful first-step to address rising prescription drug costs.Drugs and Information Control: The Role of Men and Manipulation in ebook Control of Drug Trafficking (Contributions in Women's Studies) by Jerald W Cloyd and a great selection of related books, art and collectibles available now at galisend.com