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- W2892267920 abstract "We update and extend our previous study of the effect of drug age -- years since FDA approval -- on total medical expenditure, in several respects. The estimates indicate that, in the entire population, a reduction in the age of drugs utilized reduces non-drug expenditure 7.2 times as much as it increases drug expenditure. In the Medicare population, a reduction in the age of drugs utilized reduces non-drug expenditure by all payers 8.3 times as much as it increases drug expenditure; it reduces Medicare non-drug expenditure 6.0 times as much as it increases drug expenditure. About two-thirds of the non-drug Medicare cost reduction is due to reduced hospital costs. The remaining third is approximately evenly divided between reduced Medicare home health care cost and reduced Medicare office-visit cost. We also found that the mean age of drugs used by Medicare enrollees with private Rx insurance is about 9% lower than the mean age of drugs used by Medicare enrollees without either private or public Rx insurance." @default.
- W2892267920 created "2018-09-27" @default.
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- W2892267920 date "2002-06-01" @default.
- W2892267920 modified "2023-09-27" @default.
- W2892267920 title "Benefits and Costs of Newer Drugs: An Update" @default.
- W2892267920 doi "https://doi.org/10.3386/w8996" @default.
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