Controlling Drug Expenditures: A Report of Success Controlling drug expenditures is based on a study done to determine whether a multi-interventional program can limit the high prescription drug cost while still maintaining the utilization of needed medication. The method used to determine the outcome included the mandatory splitting of drugs implemented in phases, quantity limits, and formal changes. The short term effects were assessed after the interventions by comparing generic medication use and name brand drug spending before the benefit changes and after. The long term effects were monitored by the examination of changes in a plan wide use of generic medications over a period of time and by comparing projected spending estimates with the overall spending. Before the policy changes and after, the effects on the utilization of pain medications were assessed by the participant’s use of certain prescription chronic medications. The study’s results came back as a positive one that can possibly give prescription medication users hope for lower cost in the future. In a three-year period the participants saved $6.6 million dollars. Reclassification of select brand-name drugs to non-preferred status attributed to most of the cost saved in this study. The introduction of pill splitting also had a significant impact while placing a limit on quantities of selective medications had the least impact. After reading this article it is believed that prescription medications can successfully manage the cost of prescription medications in the future.
The Increasing Time Cost and Copayments for Prescription Drugs: An Analysis of Policy Changes in a Complex Environment The Increasing Time Cost and Copayments for Prescription Drugs is an article based on a study conducted that estimates the effects of policy changes within the Medicaid program of North Carolina. These policy changes included reduced prescription lengths from 100
Related Documents: Controlling Drug Expenditures Essay
<a href="http://www.libraryindex.com/pages/1862/International-Comparisons-Health-Care-OVERVIEWS-SELECTED-HEALTH-CARE-SYSTEMS.html">International Comparisons of Health Care - Overviews Of Selected Health Care Systems</a> International Comparisons of Health Care - Overviews Of Selected Health Care Systems The OECD international health data enable researchers to compare health systems to one another in terms of health care costs and quality. In May 2004 Peter Hussey, Gerard Anderson,…
large numbers of forthcoming patent expiries, dry pipeline of new drugs. But simultaneously, there are some challenges which this pharmaceutical industry is facing, for example: low government expenditure on healthcare, inadequate investment in healthcare infrastructure rural areas, lack of proper policy framework to attract larger FDI in healthcare sector, especially in the area of research and development, focus on price-controlling policy, lack of robust policies governing IPRs, lack of data protection…
RESOURCE ALLOCATION Resource allocation refers to the distribution of resources, and in particular finance, from the centre to peripheral levels. It generally concerns broad levels of aggregated financial resources. Budgeting implies the more detailed determination of precisely how these funds are to be used. Given the importance we have placed on planning as a process that leads to action, budgeting and resource allocation are major planning instruments. Basis for Resource Allocation * Public…
globalization, it is engaged in multinational trade negotiations, agreements and cooperation’s with the World Trade Organization (WTO). These trade agreements have important health ramifications and example of these agreements is TRIPS, which covers trade in drugs. Others are related to health services that including policy regarding health professionals. As will be later discussed, these agreements impact the supply of and demand for, health professionals and pharmaceuticals (McIntyre 2004). The third…
Social Issue – Diabetes Type 2 Examine a contemporary social issue (which may or may not have been covered during the module) paying particular attention as to why this issue has become problematic and for whom. Also, consider what should be done about your chosen issue and any role that nursing/social work might have in dealing with it. A social issue can be defined as ‘social conditions identified by scientific inquiry and values as detrimental to human well-being’ (Manis 1976). I believe that…
Ammonia, this is a commonly used household cleaner, found in cigarettes. Arsenic, a poison, is found in rat poisons to kill them, also found in cigarettes. Carbon monoxide, a poisonous gas, also found in cigarettes. Nicotine, a very highly addictive drug, found in cigarettes. In the article whats in a cigarette, it explains Nicotine in small doses acts as a stimulant to the brain. In large doses, it's a depressant, inhibiting the flow of signals between nerve cells. In even larger doses, it's a lethal…
decrease unnecessary cost through a multitude of mechanisms which include offering economic incentives for physicians and patients to select less costly forms of care, reviewing the medical necessity of specific services, increasing cost sharing, controlling inpatients admissions, length of stay and contracting with health care providers. Early on, managed care seemed to be the answer to the escalating cost of U.S. healthcare, but patients were very limited in their freedom to choose their own providers…
CHAPTER 1 OVERVIEW OF FINANCIAL REPORTING, FINANCIAL STATEMENT ANALYSIS, AND VALUATION Solutions to Questions, Exercises, and Problems, and Teaching Notes to Cases 1. Value Chain Analysis Applied to the Timber and Timber Products Industry. Exhibit 1.A below contains a depiction of the value chain. The links in the value chain are as follows: 1. Timber Tracts: Plant and maintain timber tracts (Weyerhaeuser) 2. Logging: Harvests timber (Weyerhaeuser) a. Sawmills:…
crucial part of a person’s life” (Murphy, 2006.). Canada and the US had similar health care systems in the early 1960s, but now have a different mix of funding mechanisms. Canada's universal single-payer health care system covers about 70% of expenditures, and the Canada Health Act requires that all insured persons be fully insured, without co-payments or user fees, for all medically necessary hospital and…