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- Title
The increasing costs of medicines and their implications for patients, physicians and the health system.
- Authors
Ghinea, Narcyz
- Abstract
Most new medicines entering the market are high‐cost speciality drugs. These drugs can cost tens to hundreds of thousands of dollars per course of treatment and in some cases millions of dollars per dose. Approximately half of all spending on medicines is projected to target only 2–3% of patients, raising important questions about resource allocation. While there is no doubt that breakthrough innovations have transformed clinical care in some disciplines, it is also true that cost is becoming one of the primary barriers to treatment access and that many new medicines do not provide value commensurate with their prices. This article examines pricing trends, the reasons for high prices and their implications for access and clinical practice.
- Subjects
AUSTRALIA; HEALTH services accessibility; MIDDLE-income countries; HEALTH insurance reimbursement; COST analysis; SOCIOECONOMIC factors; AT-risk people; HEALTH care reform; ENDOWMENT of research; DRUGS; DRUG development; MEDICAL care costs; HEALTH care rationing; LOW-income countries
- Publication
Internal Medicine Journal, 2024, Vol 54, Issue 4, p545
- ISSN
1444-0903
- Publication type
Article
- DOI
10.1111/imj.16370