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Drug expenditures in a balanced strategy for healthcare policy
R J Bonk1, M J Myers, W F McGhan
1Department of Pharmacy Practice and Pharmacy Administration, Philadelphia College of Pharmacy and Science, Pennsylvania, USA.
Abstract:
The US, like many countries, has turned its public focus onto its healthcare system, with drug prices drawing particular attention. Expenditure trends indicate that drugs do not represent a large portion of the overall healthcare picture; the typical US consumer, however, feels these costs more personally because large portions of outpatient drugs in the US are purchased with out-of-pocket funds. Using data trends for US expenditures, we contrasted projections in the year 2000 under the current US system relative to a strategic policy with full coverage of prescription drugs. Under this proposed scenario, drugs still captured just a small portion of overall healthcare expenditures, but with major shifting to private insurance and government programmes. Thus, as society increasingly views some level of healthcare as a basic human right, effective policies for the healthcare system--including the drug sector--must balance competing regulatory and market pressures.