The impact of Medicare part D prescription drug benefit program on generic drug prescription: A study in long-term care facilities. Issue 32 (August 2019)
- Record Type:
- Journal Article
- Title:
- The impact of Medicare part D prescription drug benefit program on generic drug prescription: A study in long-term care facilities. Issue 32 (August 2019)
- Main Title:
- The impact of Medicare part D prescription drug benefit program on generic drug prescription
- Authors:
- Jung, Changmi
Padman, Rema
Anwar, Shamena - Other Names:
- Phan. Phillip section editor.
- Abstract:
- Abstract : Abstract: To examine whether the Medicare Part D program had an impact on the generic drug prescription rate among residents in long-term care facilities. We analyzed prescription data for 3 drug classes (atypical antipsychotic, proton pump inhibitor, and statin) obtained from a regional online pharmacy serving long-term care centers in Pennsylvania from January 2004 to December 2007. Difference-in-difference is used as a primary analysis method, and different regression methods (probit and multinomial) are used to accommodate different types of outcome measures. Contrary to expectations, the Part D program did not have a statistically significant impact on the generic prescription rate in the long-term care setting during the study period. Only the statin class showed a dramatic increase in generic drug prescriptions, mainly due to the loss of patent protection for one of the most popular brand-name drugs in the class. The complex dynamics of the prescription drug market, particularly the availability of generic versions of popular prescription medications, had a bigger role in increasing the prescription rate of generic drugs than the Part D program. This warrants the need to relax prescription medicines' patent policies and for further study on the impact of such policies.
- Is Part Of:
- Medicine. Volume 98:Issue 32(2019)
- Journal:
- Medicine
- Issue:
- Volume 98:Issue 32(2019)
- Issue Display:
- Volume 98, Issue 32 (2019)
- Year:
- 2019
- Volume:
- 98
- Issue:
- 32
- Issue Sort Value:
- 2019-0098-0032-0000
- Page Start:
- Page End:
- Publication Date:
- 2019-08
- Subjects:
- difference-in-difference analysis -- generic drug -- Medicare Part D -- medication prescription
Medicine -- Periodicals
Medicine -- Periodicals
Médecine -- Périodiques
Geneeskunde
Medicine
Periodicals
Periodicals
610.5 - Journal URLs:
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http://journals.lww.com ↗ - DOI:
- 10.1097/MD.0000000000016646 ↗
- Languages:
- English
- ISSNs:
- 0025-7974
- Deposit Type:
- Legaldeposit
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