The U.S. pharmaceutical industry: why major growth in times of cost containment?

Health Aff (Millwood). 2001 Mar-Apr;20(2):100-14. doi: 10.1377/hlthaff.20.2.100.

Abstract

Growth in utilization rather than price, particularly since 1994, has been the primary driver of increased pharmaceutical spending. In this paper I focus on four factors that have increased utilization, even as cost containment efforts have flourished: (1) "the importance of being unimportant"; (2) increased third-party prescription drug coverage; (3) the introduction of successful new products; and (4) aggressive technology transfer and marketing efforts by pharmaceutical firms. I also consider the roles that these four factors are likely to play in the future.

Publication types

  • Research Support, Non-U.S. Gov't
  • Research Support, U.S. Gov't, Non-P.H.S.

MeSH terms

  • Centers for Medicare and Medicaid Services, U.S.
  • Cost Control / trends*
  • Drug Industry / economics
  • Drug Industry / organization & administration
  • Drug Industry / trends*
  • Drug Utilization / trends*
  • Insurance Coverage
  • Insurance, Pharmaceutical Services
  • Technology Transfer
  • United States