Quiz 13, Chapter 13 Flashcards
Effective drug therapy is a cost-effective and highly valuable means of controlling total healthcare expenditures and improving quality of life.
True.
Drug utilization review (DUR) programs have traditionally been used to ensure the appropriate, safe, and effective use of prescription drugs, but are increasingly shifting their focus to minimize costs.
True.
DUR programs involve retrospective monitoring of physicians’ prescribing patterns.
True.
A formulary is a list of prescription drugs approved by insurance coverage.
True.
The history of drug formularies in the U.S. extends back to _________.
the American Revolution.
Which of these is not a type of formulary - a)closed three-tier in which generic drugs are listed on Tier 1, b) five-tier that is supplemented by a step therapy program, c) open that replaces few restrictions on coverage or access, d) all of these are types of formularies?
All of these are types of formularies.
The repeal of Hatch-Waxman is a recent formulary trend.
False.
What did the Hatch-Waxman Act do?
Make it easier for generic manufacturers to compete with R&D companies.
What is opportunity cost?
The value of a sacrificed alternative.
The three primary entities that fund pharmaceuticals are employers, the government, and ______________.
Individuals.
A company’s medical liaison can be a member of a P&T committee.
False.
Almost 98% of employed Americans are now covered by a HMO, a preferred provider organization, or a point-of-service plan.
False.
