Medication Costs and Cost Containment Strategies in the US (irat exam 1) Flashcards
Role of Prescription Drugs (1)
- Curing illness: Examples include antibiotics for infections.
Role of Prescription Drugs (2)
- Controlling chronic illnesses: Includes antihypertensives and antidiabetics.
Role of Prescription Drugs (3)
- Mitigating disease conditions: Examples are anti-rheumatic, anti-cancer, and antiretrovirals.
Role of Prescription Drugs (4)
- Providing symptomatic relief: Includes analgesics and anti-inflammatories.
Problems of Access (1)
- Physical Access: Medications are not physically available.
Problems of Access (2)
- Geographic Access: Medications are available but inaccessible due to transportation issues.
Problems of Access (3)
- Financial Access: Medications are available but unaffordable, leading to incomplete treatment.
Consequences of Non-adherence (1)
- Resistance development: Especially relevant for antimicrobials.
Consequences of Non-adherence (2)
- Accelerated disease progression and complications: Poor adherence can worsen disease outcomes.
Consequences of Non-adherence (3)
- Increased morbidity and mortality: Poor adherence can lead to more severe health issues and higher death rates.
Consequences of Non-adherence (4)
- Increased hospitalizations and re-admissions: Non-adherence often results in more frequent hospital visits.
Factors Driving Prescription Drug Spending (1)
- Increasing utilization: More prescriptions and higher spending per capita.
Factors Driving Prescription Drug Spending (2)
- Price increases: Rising drug prices relative to the Consumer Price Index.
Factors Driving Prescription Drug Spending (3)
- Changes in drug types: New, expensive drugs and loss of patents for generics.
Factors Driving Prescription Drug Spending (4)
- Advertising: Direct-to-consumer and physician advertising increases drug use and costs.
Factors Driving Prescription Drug Spending (5)
- Sales and profitability: Increasing sales and profits of pharmaceutical companies.
Factors Driving Prescription Drug Spending (6)
- Corporate greed: Example of Daraprim price increase due to profiteering.
Utilization Management Strategies (1)
- Preferred drug lists/formularies: Exclude some drugs from coverage.
Utilization Management Strategies (2)
- Step Therapy: Start with cost-effective therapy before moving to more expensive options.
Utilization Management Strategies (3)
- Copayments and deductibles: Increase out-of-pocket costs to control spending.
Utilization Management Strategies (4)
- Prior Authorization: Require approval for certain medications.
Utilization Management Strategies (5)
- Mail order pharmacies: Encourage use for maintenance medications.
Utilization Management Strategies (6)
- Restricted pharmacy networks: Limit out-of-network pharmacy use.
Utilization Management Strategies (7)
- Prescriber monitoring: Feedback on prescribing patterns to improve cost-effectiveness.
Utilization Management Strategies (8)
- Educational interventions: Provide unbiased drug information to prescribers.
Negotiating Discounts & Rebates
- Negotiated discounts: Rebates based on sales volume and market share.
Purchasing Pools
- Group purchasing: Public and private entities combine to negotiate better drug prices.
Generic Substitution Laws (1)
- Mandatory substitution: States require generic substitution unless specified by the prescriber.
Generic Substitution Laws (2)
- Non-mandatory substitution: Pharmacists may substitute generics based on professional judgment.
Re-designing of State Prescription Forms
- Standardized forms: Promote generic prescribing through standardized and centralized forms.
Understanding the Electronic Orange Book (EOB)
- Access EOB online: Search for drug names and check therapeutic equivalence.
When Generic Substitution is NOT Recommended
- Narrow Therapeutic Index (NTI) drugs: Avoid substitution due to small margins between effective and toxic doses.
Discount Generic Drug Programs
- Retail programs: $4 for 30-day and $10 for 90-day generic prescriptions at some retailers.
Pharmaceutical Care
- Responsible drug therapy provision: Aims to improve patient quality of life through effective drug use.