Direct to consumer advertizing for prescription medications now approaches 5 billion dollars per year. A blockbuster drug makes 10 billion or so dollars, think lipitor or crestor or ability or prevacid.
The New Zealand health care system was aware in the early 1990s that they could not keep up with the obscene cost of these medications an founded a pharmaceutical board to address the issue. Know as Pharmac, the committee reviews medications and creates a formulary for prescribing including which drugs will be subsidized by the government. They are able to negotiate contracts with generic drug makes and then supply what I feel to be a very comprehensive list of medication to treat most conditions. If you are a health care policy geek, check out more information at ________________ http://www.pharmac.health.nz/about _____
Of course the US pharmaceutical giants hate this arrangement and are always trying to undermine it with trade agreements, perhaps why we never get New Zealand lamb at Costco, just a conjecture.An account of two Family Doctors from Boulder Colorado working 6 months Locum Tenens in Westport New Zealand
Friday, February 15, 2013
Minor observations on the New Zealand Medical System
Direct to consumer advertizing for prescription medications now approaches 5 billion dollars per year. A blockbuster drug makes 10 billion or so dollars, think lipitor or crestor or ability or prevacid.
The New Zealand health care system was aware in the early 1990s that they could not keep up with the obscene cost of these medications an founded a pharmaceutical board to address the issue. Know as Pharmac, the committee reviews medications and creates a formulary for prescribing including which drugs will be subsidized by the government. They are able to negotiate contracts with generic drug makes and then supply what I feel to be a very comprehensive list of medication to treat most conditions. If you are a health care policy geek, check out more information at ________________ http://www.pharmac.health.nz/about _____
Of course the US pharmaceutical giants hate this arrangement and are always trying to undermine it with trade agreements, perhaps why we never get New Zealand lamb at Costco, just a conjecture.
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Terrific descriptions. Envious of the payment schemes for the essential drug list. Why not Gov't pharmacies in lieu of private ones? This would reduce costs further!
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