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Health Care Deli

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Submitted By marrie1974
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Health Care Delivery Systems Issue Report: Cost of Prescription Medications
Jill Stanley
Seattle Pacific University
Health Care Delivery Models
NUR 4944

July 19, 2014

Most everyone knows that the United States has the leading role when it comes to health care spending and pays out almost one thousand dollars per person per year on pharmaceuticals (Paris, 2014). Sadly, while the financial burden is high for the average family, many Americans are not taking their recommended medications because of the high costs. One in five Americans skip doses because of the cost (Paris, 2014). While there are many things nurses can do to enhance prescription medication compliance, understanding costs and helping implement ways in which patients can control costs, while promoting better outcomes, is critical. The United States spends almost 800 dollars a unit per population on prescription drugs, more than any other country and almost twice the average of 401 dollars per capita (OECD), (Ginsburg et al., 2009, p. 28). Prescriptions account for 17% of all privately insured health care costs and 25.4% of out of pocket spending according to Health Care Cost and Utilization Report (HCCI): 2011. Brand name or patented drugs have increased in price by 17.7% from 2010 to 2011 and generic drugs have actually decreased in cost by -7.2% for the same years from the same HCCI report. Generic drugs have had an increase in utilization from consumers’ while brand name has decreased and this is why pharmaceuticals have raised prices on the brand name drugs and generics have gone down. Consumers’ are realizing that this is price gauging and are attempting to go with generic if possible. One reason that drug prices are so high is because the U.S. early on has allowed drug companies to patent-protect drugs, which are then sold at exorbitant prices (Ginsburg et al., 2009). The

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