| Supply and demand: negotiating the prescription drug labyrinth to reduce costs. | |
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MedLine Citation:
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PMID: 12608116 Owner: NLM Status: MEDLINE |
Abstract/OtherAbstract:
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Prescription drug costs are increasing at a rate of 15% to 17% a year and a look into the future does not bring much better news. Employers can expect to see more numbers like these as doctors more aggressively treat diseases using drug therapy, the population continues to age and pharmaceutical companies continue to spend billions of dollars on direct-to-consumer advertising aimed at consumers who are desensitized to the true costs of their prescriptions. In this environment, it is unlikely that companies can realistically expect to reverse costs of even to avoid cost increases. However, this article provides employers with a prudent approach to managing both the supply and demand sides of the prescription drug equation in order to reduce their level of increase. Supply-side management focuses on negotiations with vendors, while the demand side focuses on managing employee utilization. |
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Authors:
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Kevin DeStefino |
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Publication Detail:
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Type: Journal Article |
Journal Detail:
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Title: Benefits quarterly Volume: 19 ISSN: 8756-1263 ISO Abbreviation: Benefits Q Publication Date: 2003 |
Date Detail:
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Created Date: 2003-02-28 Completed Date: 2003-03-20 Revised Date: 2004-11-17 |
Medline Journal Info:
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Nlm Unique ID: 9112812 Medline TA: Benefits Q Country: United States |
Other Details:
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Languages: eng Pagination: 30-7 Citation Subset: H |
Export Citation:
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APA/MLA Format Download EndNote Download BibTex |
| MeSH Terms | |
Descriptor/Qualifier:
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Cost Control
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methods Drug Costs* Drugs, Generic / economics Health Benefit Plans, Employee / economics, organization & administration* Health Services Needs and Demand* Humans Insurance, Pharmaceutical Services / economics* Negotiating* Postal Service United States |
| Chemical | |
Reg. No./Substance:
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0/Drugs, Generic |
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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