Archive | Prescription Drugs

FDA’s Drug Approval Process – How it Fits into the US Health Delivery System

The U.S. Food and Drug Administration has a rigorous drug approval method, but recent years have shown that even this thorough process undergoes certain trends. Each year more new drug applications (NDA) are submitted and approved, including specialty drugs. The annual increase in the approval rates of novel and specialty drugs may signal a general […]

PBMs: Past, Present and Future

Not every aspect of the shifting health care market is clear, but one thing is for certain: The importance of pharmacy benefit management companies (PBMs) is increasing. Drug prices are rising, and PBMs continue to act as intermediaries between insurance companies, pharmacies and manufacturers to reduce prices for insurers and patients whenever possible. PBMs have […]

The Birth of Biosimilars in the US

We’ve become familiar, and even comfortable, with the concept of generic drugs. These medications are identical, or “bioequivalent,” to a brand-name pharmaceutical.   According to the U.S. Food and Drug Administration, generics must be chemically identical to and match the branded drug in dosage form, safety, strength, route of administration, quality, performance characteristics and intended […]

Medical Marijuana and Reimbursement

Medical marijuana, at one time highly doubted and hotly debated, is now a fast-growing reality. Currently 23 states and the District of Columbia provide limited legal protections from arrest for authorized patients who use cannabis with a doctor’s recommendation. Another 7 states have legislation pending.   To qualify for a medical marijuana ID card, which […]

Drug Formularies Reduce Costs, Gain in Popularity

Workers’ compensation drug formularies are not a new idea, but only a few states currently have such mandated formularies in place, according to an article in Claims Journal. Only Washington, Texas, Ohio and Oklahoma have previously existing state-regulated drug formularies. California is the most recent state to make the change. In early October, Governor Jerry […]

HealthCare Seeking Solutions for Specialty Drugs Costs

The Centers for Medicare & Medicaid Services predicted that spending on prescription drugs would rise by 6.8 percent in 2014.   Their estimate was a bit off.   Instead, spending on prescription medications leaped by 13 percent to $374 billion, according to a recent paper from the IMS Institute for Healthcare Informatics. It was the […]

CEO of Kaiser Foundation Calls for Changes in Pharma

Kaiser exec calls for changes in pharma   Roughly 25 years ago, if you wanted a cell phone, a digital camera and a video camera, you would need to shell out almost $3,000. And for your money, you’d get big, clunky devices that provided primitive results.   These days, you can buy all of this […]

Predicting Non-Adherence Could Lead to Patient Interventions

Catching a medication concern before it arises   Americans receive nearly four billion prescriptions each year. That’s a big number.   But they fail to properly use at least half of those prescriptions, or even take them at all. That’s also a big number — and a big problem for health care. Studies have found […]

Pharmacy Benefit Management Helping to Innovate Health Care

Pharmacy benefit managers (PBMs) may not be the most visible players in health care today. But these organizations have an important position in helping control drug costs in the United States, and they continue to take on new roles.   The traditional function of PBMs – which date back to the 1970s — is to […]

Polypharmacy Affects Quality of Care for many Seniors

Medications are a mainstay in the US health care system. According to CDC statistics, three out of four doctor visits involve a medication in some way.   So it’s not too surprising that nearly half of Americans have used at least one prescription medication in the past month. Among Americans ages 60 and older, more […]

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