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Generic drug manufacturers determine price based on what the name-brand equivalent is sold for. If multiple generic drug companies manufacture the same drug, price is often driven down towards production costs. If only a few generic drug manufacturers make the product, the price remains close to that of the branded drug.
340B Drug Pricing Program. The 340B Drug Pricing Program is a US federal government program created in 1992 that requires drug manufacturers to provide outpatient drugs to eligible health care organizations and covered entities at significantly reduced prices. The intent of the program is to allow covered entities to "stretch scarce federal ...
The prices in the private sector are often many times (and can be up to 80 times) the international reference price. This makes treatment unaffordable.: 4 The prices in the guide are given in US dollars converted using the exchange rate at the time. Exchange rate fluctuations may cause the wide variations in cost over time.
External reference pricing ( ERP ), also known as international reference pricing, is the practice of regulating the price of a medication in one country, by comparing with the price in a "basket" of other reference countries. It contrasts with internal reference pricing, where the price of one drug is compared to the domestic price of ...
Prescription drug. A prescription drug (also prescription medication, prescription medicine or prescription-only medication) is a pharmaceutical drug that is permitted to be dispensed only to those with a medical prescription. In contrast, over-the-counter drugs can be obtained without a prescription.
v. t. e. Health care prices in the United States of America describe market and non-market factors that determine pricing, along with possible causes as to why prices are higher than in other countries. [ 1] Compared to other OECD countries, U.S. healthcare costs are one-third higher or more relative to the size of the economy (GDP). [ 2]
Specialty drugs or specialty pharmaceuticals are a recent designation of pharmaceuticals [ 1][ 2] classified as high-cost, [ 3][ 4][ 5] high complexity and/or high touch. [ 4] Specialty drugs are often biologics [ 3][ 6] —"drugs derived from living cells" [ 7] that are injectable or infused (although some are oral medications). [ 4]
Pharmacotherapy. Pharmacotherapy, also known as pharmacological therapy or drug therapy, is defined as medical treatment that utilizes one or more pharmaceutical drugs to improve ongoing symptoms (symptomatic relief), treat the underlying condition, or act as a prevention for other diseases ( prophylaxis ). [ 1]