The economics of alternative payment models for pharmaceuticals.
The economics of alternative payment models for pharmaceuticals.
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DOI:
10.1007/s10198-021-01274-4
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发表时间:
2021-06
期刊:
影响因子:
--
通讯作者:
Lakdawalla DN
中科院分区:
文献类型:
--
作者:
Hlávka JP;Yu JC;Goldman DP;Lakdawalla DN
Pharmaceuticals are priced uniformly by convention, but vary in their degree of effectiveness for different disease indications. As more high-cost therapies have launched, the demand for alternative payment models (APMs) has been increasing in many advanced markets, despite their well-documented limitations and challenges to implementation. Among policy justifications for such contracts is the maximization of value given scarce resources. We show that while uniform pricing rules can handle variable effectiveness in efficient markets, market inefficiencies of other kinds create a role for different value-based pricing structures. We first present a stylized theoretical model of efficient interaction among drug manufacturers, payers, and beneficiaries. In this stylized setting, uniform pricing works well, even when treatment effects are variable. We then use this framework to define market failures that result in obstacles to uniform pricing. The market failures we identify include: (1) uncertainty of patient distribution, (2) asymmetric beliefs, (3) agency imperfection by payer, (4) agency imperfection by provider, and (5) patient behavior and treatment adherence. We then apply our insights to real-world examples of alternative payment models, and highlight challenges related to contract implementation.
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DOI:
10.1331/japha.2013.12202
发表时间:
2013-03
期刊:
Journal of the American Pharmacists Association : JAPhA
影响因子:
--
作者:
Dayer L;Heldenbrand S;Anderson P;Gubbins PO;Martin BC
通讯作者:
Martin BC
影响因子:
10.7
作者:
Goldman, Dana;Philipson, Tomas J.
通讯作者:
Philipson, Tomas J.
影响因子:
9.7
作者:
Hussey, Peter S.;Ridgely, M. Susan;Rosenthal, Meredith B.
通讯作者:
Rosenthal, Meredith B.
影响因子:
3.5
作者:
Chen, Alice;Lakdawalla, Darius N.
通讯作者:
Lakdawalla, Darius N.
影响因子:
9.7
作者:
Goldman, Dana P.;Jena, Anupam B.;Sun, Eric
通讯作者:
Sun, Eric