Home , April 1, 2010 - Volume 10 - Issue 2 , Predictors of Annual Pharmaceutical Costs in Australia for C... , Previous Abstract , Next Abstract , American Journal of Cardiovascular Drugs: 1 April 2010 - Volume 10 - Issue 2 - pp 85-94 doi: 10.2165/11530670-000000000-00000 Original Research Articles Predictors of Annual Pharmaceutical Costs in Australia for Community-Based Individuals with, or at Risk of, Cardiovascular Disease: Analysis of Australian Data from the REACH Registry Ademi, Zanfina1; Liew, Danny2; Hollingsworth, Bruce3; Steg, Ph. Gabriel4; Bhatt, Deepak L.5; Reid, Christopher M.1; on behalf of the REACH Registry Investigators Abstract Background: Cardiovascular disease (CVD) remains a leading cause of death across the world and poses a significant economic burden. Research regarding per-person use and cost of cardiovascular pharmaceuticals in Australia, as well as potential predictors of pharmaceutical costs in populations using the bottom up costing approach, is limited. Previous ...
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CostThe cost rating is based on the average wholesale price for a drug. The average wholesale price is the suggested selling price for a drug, much like the sticker price on a car. Insurance companies often use this cost as the basis for drug reimbursement. This price does not reflect what you would pay for a drug if covered by your prescription benefit plan. For the ratings system, dollar signs are used to indicate the following price range categories: $ = < $25, $$ = $25 to $49, $$$ = $50 to $99, $$$$ = $100 to $199, and $$$$$ = > $200.. ...
2)(A)A manufacturer of a generic prescription drug with a wholesale acquisition cost of one hundred dollars ($100) or more per month supply or per a course of treatment that lasts less than a month shall notify a state purchaser, health care service plan, health insurer, or pharmacy benefit manager if it is increasing the wholesale acquisition cost of the prescription drug by more than 25 percent during a 12-month period. The notice shall be provided in writing at least 30 days prior to the planned effective date of the increase. A copy of the notice shall be provided concurrently to the Chairs of the Senate Committee on Appropriations, the Senate Committee on Budget and Fiscal Review, the Assembly Committee on Appropriations, and the Assembly Committee on Budget ...
State Laws that Help the Elderly with Prescription Drugs Costs. For more on this topic please also see our article- State Health Care Laws and Proposals. (2/8/10)- Legislators in at least 11 states have introduced bills this year aimed at improving access to health care, said a spokesman for the National Conference of State Legislatures. Both California and Missouri have had at least one of their houses pass legislation to create government backed health-care coverage for their residents.. The balls back in our court, said Melvin Neufeld, a Republican legislator in Kansas who is vice-president of the state legislature conference.. The American Medical Association plans to unveil a code of conduct as a model for its state affiliates to use in pushing for new regulations on the health-care issues.. (10/2/08)- Governor Arnold Schwarzenegger, signed the California budget bill which was a record breaking 85 days late. State Controller John Chiang moved quickly to pay about 80,000 claims that ...
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Democratic presidential hopeful Senator Barack Obama has lent his support to concerns over seriously-ill patients, after it emerged this week that US insurers are increasingly charging members being treated with the most expensive drugs a percentage of the costs of these medications, instead of the standard set copayment. - News - PharmaTimes
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Pharmaceutical manufacturers pay rebates to pharmacy benefit managers and health plans as part of their formulary contracting agreements. The 2010-2011 Prescription Drug Benefit Cost and Plan Design Report says that rebates are calculated as a guaranteed amount per prescription or an actual amount per prescription. The report says that there has been an increase in rebate amounts over time, excluding this years average guaranteed rebate per mail prescription. The report says fewer employers provided rebate data in 2010, which might account for the lower amount reported for guaranteed rebate per mail prescription and actual amount per retail prescription.. ...
Why Drugs Cost So Much, by David Noonan: Citing increased prescription drug use, expensive research costs and pharmaceutical industry price hikes, Noonan explains the recent upsurge in drug costs and reveals how the drug industry has become one of the most profitable in the nation, with Americans spending $125 billion per year on pharmaceutical products ...
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New Delhi, July 14: The official Wholesale Price Index for All Commodities (Base: 2004-05 = 100) for the month of June, 2014 rose by 0.5 percent to 182.6 (provisional) from 181.7 (provisional) for the previous month.. INFLATION. The annual rate of inflation, based on monthly WPI, stood at 5.43% (provisional) for the month of June, 2014 (over June,2013) as compared to 6.01% (provisional) for the previous month and 5.16% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 1.28% compared to a build up rate of 1.82% in the corresponding period of the previous year.. PRIMARY ARTICLES (Weight 20.12%). The index for this major group rose by 1.3 percent to 249.9 (provisional) from 246.8 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-. The index for Food Articles group rose by 2.2 percent to 249.7 (provisional) from 244.3 (provisional) for the previous month due to higher ...
WASHINGTON || A big decline in food costs helped hold down wholesale prices in September, contributing to a 0.1 percent decline, the first drop since April. Gasoline prices, which had shot up 2.6 percent in August, dipped 0.1 percent in September.Excluding volatile food and energy, so-called core prices rose a slight 0.1 percent in September and have risen a modest 1.2 percent over the past 12 months.
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The World Bank lowered its forecast for world economic growth in 2014. Wholesale prices for most products fell in May. Consumer sentiment edged down by 0.7 points at the end of May.
U.S. wholesale prices barely increased last month after falling for three straight months, a sign there is little inflation pressure in the economy.
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Comparing Canadian drug prices with American drug prices is complicated by the lack of published data that identifies actual average prices paid by consumers in the United States. Inquiries with IMS Health Inc. Canada indicate that there is no publicly accessible source of data on final retail-consumer purchases for the entire market like that used by IMS Health in Canada to estimate sales volumes and spending. Moreover, US retail prices vary significantly among retailers and geographic locations, making it difficult to extrapolate small samples across the entire market [Graham, 2001; US FDA, 2003].. Estimating US retail prices from manufacturers direct price or wholesale price is also difficult because detailed data on actual prices paid to manufacturers and wholesalers by retailers varies widely depending on individually negotiated rebates. Detailed price and rebate data is kept private by retailers, wholesalers, and manufacturers because it is proprietary commercial information.. So, while ...
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The MarketScan Commercial Claims and Encounters Database is a research database owned by Truven Health Analytics. It consists of annual employer and health plan sourced medical and drug data on millions of individuals, including those covered by employer sponsored private health insurance, their spouses, and dependents. Sample data elements include demographic data (age, gender, employment status, geographic location), inpatient and outpatient medical information (admission date and type, principal and secondary diagnosis codes, discharge status, major diagnostic category, principal and secondary procedure codes, DRGs, length of stay, place of service, and quantity of services), financial information (total and net payments, payments to physician, hospital, and total admission payments), drug information (generic product ID, average wholesale price, prescription drug payment, therapeutic class, days supplied, national drug code, refill number, and therapeutic group), and enrollment ...
Right be-hind it is the sec-ond new en-try on the list: Danyelza, the new drug from Y-mAbs Ther-a-peu-tics that weighs in just un-der 7 fig-ures, at $977,664. That drug is ap-proved as a com-bi-na-tion treat-ment for high-risk cas-es of neu-rob-las-toma. A group of ex-Gen-mab ex-ecs li-censed this in when they grabbed a pair of drugs from Memo-r-i-al Sloan Ket-ter-ing.. No-var-tis holds on to the num-ber 1 spot, way out front with their SMA ther-a-py Zol-gens-ma, just now be-ing cleared in the UK at a dis-count price. In the US, the drug sells for $2.1 mil-lion, and can be cu-ra-tive if the dis-ease is caught ear-ly enough.. Phar-ma de-fend-ers are quick to point out that the cost of the drug still qual-i-fies as a big saver com-pared to the cost of tend-ing to these in-fant pa-tients suf-fer-ing from a ter-ri-ble and lethal dis-ease. Pay-ers who have a hard time cov-er-ing the cost, notes GoodRx, can pay over-time in 5 an-nu-al in-stall-ments of $425,000.. What-ev-er the ar-gu-ments, though, ...
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The prescription-drug market currently generates a whopping $950 billion in annual sales, and that figure is likely to grow to $1.2 trillion by 2016....
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Although the average wholesale price of the agents is more than $13,000, the investigators found that 9% of patients had a 0% co-pay throughout the 6-month period.|br /|  
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