TITLE

The high cost of medicines in Ireland

AUTHOR(S)
Tilson, Lesley; McGowan, Bernadette; Bennett, Kathleen; Barry, Michael
PUB. DATE
December 2004
SOURCE
European Journal of Health Economics;Dec2004, Vol. 5 Issue 4, p341
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This study compared the prices of prescription medicines in Ireland to those in other countries to determine potential cost savings on the largest community drug scheme if an alternative pricing mechanism were adopted. The analysis covered a sample of 39 drugs (44.8% of the total ingredient cost) selected from the top 70 drugs in order of total ingredient cost. Potential cost savings ranged from € 20.73 million if a Danish price were adopted, to € 16.23 million for the average European price, to € 6.82 million for the UK price. The estimated savings were statistically significant for the Danish and average European price but not for the UK price. This study demonstrates the high ex-wholesale price of prescription medications in Ireland.
ACCESSION #
16356003

 

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