HCAD 730 extra Reading QUESTIONS AND ANSWERS

HCAD 730 extra Reading QUESTIONS AND ANSWERSHealth Care spending represents almost 20% of our country's GDP Prescription drugs account for about 10% of total health expenditures in the US -estimated $335 billion dollars in 2018. why is US spending so different than the other countries other countries employ centralized price negotiations with manufacturers, maintain strict national formularies America except in limited circumstances utilize government research to assess cost-effectiveness for adding expensive drugs to the formulary and for determining price ceilings for prescription drugs generics is highest in the US 84% generic prices appear to be significantly higher in the US than in other countries control prescription drug prices Set limits on manufacturer's pricing -) Stop Allowing Drug Companies and Wholesalers to "Portfolio Price" Medications Setting limits on manufacturer's pricing they cost-shift the losses to the American market Because the medical systems in those countries set limits on what they will pay Stop Allowing Drug Companies and Wholesalers to "Portfolio Price" Medications bundle prices for their products, particularly across product lines. limit direct-to-patient (DTP) marketing by PHARMA. a patient hears about the new product, they feel entitled to try it regulate the introduction of innovation and technology into the US Health Care system evaluates new technologies and treatments for the NHS to limit adoption to those that bring "value" to the system and also to facilitate uniform dissemination of those that are adopted.