ipl-logo

Summary Of New Minnesota Prescription Drug Affordability Board

431 Words2 Pages

The article “New Minnesota prescription drug board gets up and running but expects industry resistance” by Mark Zdechlik, which was published on January 17, 2024, in MPR News, deals with Minnesota’s innovative initiative to deal with the increasing prices of prescription drugs through the establishment of a Prescription Drug Affordability Board. The article looks at what drives this initiative, what issues it might encounter, and what it means for the access and cost of healthcare in that state. The article starts with Zdechlik putting the problem of the price of prescription drugs in context, drawing attention to the disappointment of state leaders, one of them being Minnesota, with the absence of success in this matter on a federal level. This discontent has led Minnesota to take pro-active steps in order to relieve its subjects from the financial pressure generated by high drug prices. The establishment of the Prescription Drug Affordability Board is a move away from the dependence on the federal action, which represents the state’s commitment to addressing healthcare health independently. The central issue of the article is the distinct nature of the charge by Minnesota’s Prescription Drug Affordability Board that distinguishes it from the same initiatives in other states. Being an innovative drug pricing regulatory body, …show more content…

Significant lobbying of these groups’ organizations has been performed against the board based on the argument that the patients may have limited accessibility to the drugs and also it may have a deterring impact on the pharmaceutical innovation. The article emphasizes how the interest groups determine the prescription drug pricing landscape, where the industry resistance remains the biggest hurdle before the boards’

Show More
Related
588 Words | 3 Pages

“Healthcare Reform 101,” written by Rick Panning (2014), is a wonderful article that describes, in an easy-to-understand language, the Patient Protection and Affordable Care Act, signed into law March 23, 2010. The main goal of the Patient Protection and Affordable Care Act was to provide affordable, quality healthcare to Americans while simultaneously reducing some of the country’s economic problems. Two areas will be covered throughout this paper. The first section will include a summary of the major points and highlights of Panning’s (2014) article, including an introduction to the ACA, goals of the signed legislation, provided coverage, and downfalls of the current healthcare system. The second part will be comprised of a professional

Read More
627 Words | 3 Pages

The government of some opt out states are looking at alternative options to provide care for their large uninsured populations but this only leads to disparities in the health care options available to their denizens versus the other states (Omolola et.al). One proposal repeatedly made by the current administration is to limit the federal contribution by switching from the current percentage model to a model of block grants or per-capita caps. Under the block grants model, states would be given a fixed amount of Medicaid funding which they would need to manage. Under the per-capita model, Medicaid recipients will be subject to a reimbursement cap.

Read More
1959 Words | 8 Pages

This perspective on pharmacare will be elaborated on through this debate paper as follows: (a) Examining why pharmacare is necessary in modern Canada; (b) Aligning healthcare with the Canada Health Act; (c) Creating a roadmap based on opposition: counterpoints and rebuttals; (d) Implementation of pharmacare: the role of government, and policy and financial requirements; (e) Conclusion. Examining Why Pharmacare is Necessary in Modern Canada It has become increasingly apparent over the past decade that low-income Canadians are struggling to make ends meet. Thus, Canada must stray away from some neoliberal tenants and implement more public programs to better meet the needs of its citizens. The unequal distribution of wealth is at the very heart of our country’s need for a national pharmacy program. For example, 9% of Canadians reported skipping doses, splitting pills and adopting other methods of not adhering to their prescription(s) because of the costs (Cortes and Smith 2022).

Read More
688 Words | 3 Pages

The main effect of the Affordable Care Act is that it extended coverage to a large sum of uninsured Americans. Within the last five years there has been an increase in health care expenses. However, these expenses have been rising at one of history’s lowest paces (Custer,37). Although this has been a huge improvement for America's health insurance, the costs are still rising which puts families at risk of not being able to afford health insurance. Some of the main reasons behind the increase in costs of health care within

Read More
472 Words | 2 Pages

Medicare Prescription Drug, Improvement and Modernization Act (MMA) was signed into law in 2003 and the purpose of this law is to offer subsidized prescription drug plan to poor and low income seniors. The modernization ACT conference agreement was voted 220 to 215 by the House of Representatives and 54 to 44 by the State Senate. This new law will offer the beneficiaries more access to coverage options which would offer greater benefits irrespective of their health condition or income and also allow stiff competition between the private insurance plans and Medicare (https://www.congress.gov/bill/108th¬congress/house¬bill/1). The aim of this paper is to look at how the implementation of this Modernization Act will affect hospitals, physicians as well their patients.

Read More
3557 Words | 15 Pages

Medicaid and Medicare were signed into law in 1965. After 50 years, Medicare and Medicaid are still being used by the people of the United States as a form of aid with medical expenses. Medicare and Medicaid has changed over the years to provide more and more Americans with access to quality and affordable health care that is needed (“CMS’ program history,” 2017, p.1). Medicare and Medicaid have progressed over time to become better and more improved for those receiving the services provided by the government. Even though the Medicare and Medicaid services have changed for the better of the services, it has changed too much from the intended use of the services which has led to problems associated with the

Read More
369 Words | 2 Pages

In medicine, Medicare and Medicaid have made health care more inefficient and more expensive. Former ophthalmologist and Congressman Ron Paul tries to give the reader a sense of a time before such entitlement programs existed. Because Medicare and Medicaid were enacted in 1965, over fifty years ago, it is difficult for most Americans to remember a time without them: “the poor and elderly were admitted to hospitals at about the same rate they are now, and received good care […] every physician understood that he or she had a responsibility toward the less fortunate, and free medical care for the poor was the norm” (Paul). Without Medicaid and Medicare, physicians would act in a similar fashion today, since they did so without a government mandate

Read More
1437 Words | 6 Pages

After the passage of the ACA, Minnesota was chosen to pilot a Medicaid program using ACOs to improve healthcare delivery because of the previous reforms that were made to the state’s Medicaid system. In 2008, the Minnesota state government passed the Health Care Reform Law which implemented the utilization of health homes to provide Medicaid services and a revision of the state’s quality and monitoring system of the Medicaid program (Edwards, 2013). The law was also expanded to use ACOs after the passage of the ACA, in order to provide more comprehensive care for Medicaid beneficiaries (Edwards, 2013). The use of the ACOs “forged a partnership to redesign the health care workforce and improve the coordination of the physical, behavioral, social, and economic dimensions of care” for Medicaid beneficiaries (Sandberg, Erikson, Owen, Vickery, Shimotsu, Linzer, Garrett, Johnsrud, Soderlund, & DeCubellis, 2014). To ensure the success of the program, the state also developed a safety-net program to ensure that Medicaid recipients would continue to receive quality care to meet their health care needs, if the pilot program

Read More
2470 Words | 10 Pages

Higher deductibles often result as well. Health insurance, while partly privatized, is not entirely so with government programs such as Medicare, Medicaid, Veterans Health Association provides coverage as well. The rise of prescription drug prices is greatly felt by these entities. Medicare serves as the best illustration given 29% of the country’s prescription drug expenses are handled through the program with 90% of participating seniors requiring medication.

Read More
1624 Words | 7 Pages

Not only did the general price of insurance rise for higher income families, but the taxes on medical devices used in procedures and pharmacy sales rose right along with it. “In essence, the wealthiest in the US are being asked to fund the healthcare for the poorest.”

Read More
1446 Words | 6 Pages

However, this should not deter us from making strides to consider healthcare a political right in our contemporary society, and as such a right that should be extended to all of citizens of the United States. We aim for the ideal of our people being equal but without equal access to healthcare our citizens of a lower socioeconomic class are unhealthy and poor, a cyclical force where one situations feeds into the other. Therefore we must make aims to provide the decent minimum by requiring citizens to purchase a decent minimum that is funded by taxes, employers, and the government. This system would be boosted by the creation of a uniform system of costs, allowing greater access to special services outside of the necessary basic package. The causes and solutions of healthcare are interrelational and the possible solutions that I have presented herein acknowledge these causes and thus aims to properly address

Read More
809 Words | 4 Pages

The National Health Service (NHS) of England set the costs of expensive drugs, like the medicines for the treatment of AIDS patients, for a fraction of the retail price – Why can’t the USA – the most richest and industrialized country in the world- follow suit and make most essential generic medicines affordable to each and every citizen? This is the main intent of the

Read More
367 Words | 2 Pages

Many Americans were led to believe that the introduction of the Patient Protection and Affordable Care Act in 2009 would put an end to disparities in health care access. While it did improve the situation for a small percentage of the population there are still many Americans who lack access to good quality health care. Health care access in America is determined by money and those in lower socioeconomic groups frequently tend to miss out on adequate care. In a recent health care report by the national health research foundation Kaiser Family Foundation, it was noted “health care disparities remain a persistent problem in the United States, leading to certain groups being at higher risk of being uninsured, having limited access to care, and experiencing poorer quality of care” (Kaiser Family Foundation). The current health care

Read More
1042 Words | 5 Pages

Medicare and Medicaid Medicare and Medicaid were signed into law in 1965 to increase healthcare access to identified vulnerable populations. Medicare covers approximately 50 million Americans and in 2012 it was estimated that 65 million Americans were covered under the Medicaid program (Nickitas, Middaugh, & Aries, 2016). Medicare and Medicaid are considered public insurances and today are two of the largest payers in the healthcare system. This paper will attempt to define qualifications of Medicare and Medicaid and discuss the effects of the Affordable Care Act on these programs.

Read More
464 Words | 2 Pages

The purpose of this paper is to explain why unlike Medicare, Medicaid eligibility rules and coverage vary between states and to also discuss the advantages and disadvantages of the current state-oriented Medicaid system. Although both health care programs are administered by the U.S. government, there are significant differences in the way these two programs function. The analysis of this paper will reveal the differences and describe the pros and cons attributed by the Medicaid system being administered separately by each state. Although Medicare and Medicaid both provide healthcare for U.S citizens, “Administratively, the biggest difference between Medicaid and Medicare is that states govern a lot of what Medicaid covers, while the federal government runs Medicare” (Caplinger, 2015). The rationale behind these variances is due to Medicaid being based on need and social welfare, whereas Medicare serves people who have reached retirement age or are disabled, regardless of their economic status.

Read More

More about Summary Of New Minnesota Prescription Drug Affordability Board

Open Document