The Right Price A Value-Based Prescription for Drug Costs
by Neumann, Peter J.; Cohen, Joshua T.; Ollendorf, Daniel A.Downloadable: 180 Days
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Summary
The Right Price sheds light on the controversial topic of drug pricing by providing an accessible guide on pharmaceutical markets and analytic techniques used to measure the value of drug therapies. It illustrates the need for value-based pricing through real-life stories of patients and their experiences with the drug industry, and explains why simple solutions like price controls and the importation of cheaper drugs from other countries will not work. This volume describes how researchers and policy makers have pursued drug valuation efforts in the past, and lays out a series of recommendations, based on years of shared author experience serving on national drug policy platforms, for how to further improve pharmaceutical value assessment in the United States.
With unique industry insights and clear narrative, The Right Price unveils why the pricing of drugs continues to be so challenging and how public and private officials can create more informed policies to achieve the right balance between drug pricing and value.
Author Biography
Peter J. Neumann, ScD, is Director of the Center for the Evaluation of Value and Risk in Health (CEVR) at the Institute for Clinical Research and Health Policy Studies at Tufts Medical Center, and Professor of Medicine at Tufts University School of Medicine. Dr. Neumann is also a member of the editorial advisory board of Health Affairs and the health policy advisory board for the Congressional Budget Office.
Joshua T. Cohen, PhD, is Deputy Director of the Center for the Evaluation of Value and Risk in Health (CEVR) at the Institute for Clinical Research and Health Policy Studies at Tufts Medical Center, and Research Associate Professor of Medicine at Tufts University School of Medicine.
Daniel A. Ollendorf, PhD, is Director of Value Measurement and Global Health Initiatives at the Center for the Evaluation of Value and Risk in Health (CEVR) at the Institute for Clinical Research and Health Policy Studies at Tufts Medical Center, and Research Assistant Professor of Medicine at Tufts University School of Medicine. Prior to joining CEVR, he spent ten years as the Chief Scientific Officer for the Institute for Clinical and Economic Review (ICER).
Table of Contents
Acknowledgments
Preface
PART 1: THE ECONOMICS OF PRESCRIPTION DRUGS
Chapter 1: Introduction
Chapter 2: The prescription drug market
Chapter 3: Proposed solutions for rising drug prices
Chapter 4: Measuring the value of prescription drugs
PART 2: EXPERIENCES MEASURING A DRUG'S VALUE IN THE US AND ABROAD
Chapter 5: Measuring drug value: Whose job is it anyway?
Chapter 6: Institute for Clinical and Economic Review (ICER)
Chapter 7: Other US value assessment frameworks
Chapter 8: Do drugs for special populations warrant higher prices?
PART 3: GETTING TO VALUE-BASED PRICING FOR DRUGS
Chapter 9: Improving value measurement
Chapter 10: Aligning prices with value
Chapter 11: The path forward
Index
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