Prescription Drug Pricing: Evolution and Controversy

Description

Pricing prescription drugs is a very complicated and unpredictable issue—not without its share of controversy in the media. Discover the history of how prescription drug pricing has developed: the cash system, dispensing fees, rebates and discounts, tiered formularies, and the pharmacy benefits management industry. Learn the changes in aggregate prices and annual increases over time in the United States compared with other countries. Find out how patients can access high-cost therapies, the relevant federal and state regulations and policies for administering Medicaid and Medicare, and how to implement 340B programs.

Pharmacist Learning Objectives

At the completion of this knowledge-based activity, participants will be able to:

  1. Describe the history of pricing prescription drugs.
  2. Define the relationships among the various parties affected.
  3. Summarize the development of the current U.S. system involving pharmacy benefits management programs, rebates, discounts, and other managed care strategies.
  4. Discuss the major laws and regulations driving pricing decisions.

Technician Learning Objectives

At the completion of this knowledge-based activity, participants will be able to:

  1. Describe the history of pricing prescription drugs.
  2. Define the relationships among the various parties affected.
  3. Summarize the development of the current U.S. system involving pharmacy benefits management programs, rebates, discounts, and other managed care strategies.
  4. Discuss the major laws and regulations driving pricing decisions.

 

 
 
 
Speakers:
Francis
Francis Palumbo, FAPHA
Executive Director Center on Drugs & Public Policy
U.M. School of Pharmacy
 
Learning Level: Level 1
Track: Pharmacy Law and Regulations
Session Time Slot(s): 
Date: 
Saturday, March 17
Time: 
7:30 AM - 8:30 AM
Room: 
Music City Center - Room 103B
ACPE Pharmacist: 0202-0000-18-015-L03-P
CEUs Pharmacist: 0.1
ACPE Pharmacy Technician: 0202-0000-18-015-L03-T
CEUs Pharmacy Technician: 0.1
Activity Type:
Knowledge-based