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Reducing Cost of High-value Prescription Drugs can Boost Medication Use

by Savitha C Muppala on  November 8, 2010 at 3:38 PM Drug News   - G J E 4
An initiative undertaken by the U. S. technology company Pitney Bowes where costly medications where made less expensive resulted in improved adherence to treatment schedules by employees.
 Reducing Cost of High-value Prescription Drugs can Boost Medication Use
Reducing Cost of High-value Prescription Drugs can Boost Medication Use
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The study, led by Niteesh K. Choudhry at Brigham and Women's Hospital, found that adherence to cholesterol-lowering statin drugs, which had been on the decline, immediately stabilized after Pitney Bowes eliminated copayments for the drugs for all employees and beneficiaries who had diabetes or vascular disease. Adherence to statins was 2.8 percent higher in the Pitney Bowes group than in a control group of patients.

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Pitney Bowes also lowered copayments for all employees and beneficiaries prescribed the blood clot-inhibiting drug clopidogrel; the policy was also associated with an immediate stabilizing of the adherence rate. After a year, the Pitney Bowes group had a 4 percent higher adherence rate than the control group.

According to the authors, the findings are significant because this is one of the first studies to find success in value-based insurance design, which is intended to promote the use of services or treatments that provide high benefits relative to cost and, alternatively, to discourage the use of services whose benefits do not justify their cost. The study results suggest that employers and health plans that are raising deductibles and other types of cost-sharing for all services might be missing opportunities to improve their enrollees' health and achieve savings.

"This study provides evidence that reducing cost-sharing can improve the ability of patients with chronic illness to take the medications they need to stay in good health," said Commonwealth Fund President Karen Davis. "The Affordable Care Act has rightfully focused attention on innovations like these designed to improve health and reduce the rate of growth in medical costs over time. Investigating and spreading innovative solutions like value-based insurance design are exactly the kinds of improvements the nation should be working toward."



Source: Eurekalert
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Prescription drug prices are way out of hand. When I hear stories about people having to go without their meds because their family needs food, I cringe. No American should live this way. That is why I want to tell everyone about Medicationcoupons.com. Here you can find coupons for all types of conditions including prescription and non-prescription meds. They also have a free discount drug card that can save people up to 80% off on medication purchases not covered by insurance. Between the discount card and the medicine coupons, I save around $150 a month.
Soriah Monday, November 22, 2010

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