Rationalizing Pharmaceutical Spending /

Pharmaceutical spending accounts for a large share of health spending worldwide. While pharmaceuticals are an indispensable component of effective modern health systems, and their benefits in terms of increasing life expectancy and improving quality of life are unquestionable, the large variation in...

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Detalles Bibliográficos
Autor principal: Garcia-Goni, Manuel
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2022.
Colección:IMF Working Papers; Working Paper ; No. 2022/190
Materias:
Acceso en línea:Full text available on IMF
Descripción
Sumario:Pharmaceutical spending accounts for a large share of health spending worldwide. While pharmaceuticals are an indispensable component of effective modern health systems, and their benefits in terms of increasing life expectancy and improving quality of life are unquestionable, the large variation in pharmaceutical spending across countries suggests that there may be large efficiency gains to be realized. This paper reviews the existing literature and databases on the level and composition of pharmaceutical spending and estimates potential efficiency gains from increased use of generics. It also reviews how countries organize the procurement and tendering of pharmaceuticals and the implications for spending. Finally, the paper identifies the various channels through which spending inefficiencies can arise and identifies reform options for reducing pharmaceutical spending while ensuring quality health outcomes.
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Descripción Física:1 online resource (48 pages)
Formato:Mode of access: Internet
ISBN:9798400219849
ISSN:1018-5941
Acceso:Electronic access restricted to authorized BRAC University faculty, staff and students