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Drug coupons are common in the United States. AFAIU, they're issued by the pharmaceutical companies, but as few people know about them (or how the pricing syste
by wahern 5y ago
Drug coupons are common in the United States. AFAIU, they're issued by the pharmaceutical companies, but as few people know about them (or how the pricing system is structured in general) it's often doctors and pharmacies that seem to help broker their distribution. The coupon system permits pharmaceuticals and friendly politicians to deflect criticism about drug pricing strategies by providing plausible deniability regarding costs to the uninsured and underinsured.
I remember reading several years ago reports that drug companies were favoring coupon distribution to doctors according to how often doctors prescribed the issuer's name-brand drugs instead of generics. That is, a doctor who prescribed a designer expensive drug, Foo, more often might get more coupons for name-brand but boring drug, Bar, for distribution to the doctor's indigent patients. I don't remember, however, if or which reforms were enacted as a result. Also, I'm not sure if it was nearly as big of an issue as actual kick-backs in the form of vacations, etc, which (AFAIU) were made illegal years ago. The opacity and overall baroqueness of the coupon system is precisely why there's not much opportunity for doctors to personally benefit from the scheme, yet why it works well as a tool for pharmaceutical companies to maximize profits while staving off political reforms.
See https://en.wikipedia.org/wiki/Drug_coupon https://en.wikipedia.org/wiki/Drug_coupon
- datavirtue 5y agoDrug companies also kick back to patients. My wife started $65k per year infusions and the drug company paid our entire deductible for us after the first treatment.
- jdavis703 5y agoI only watch TV when there’s a sports championship or presidential debate. Even on those rare occasions there’s ads for GoodRX.
- daniel-cussen 5y agoOver time coupons could become valuable unto themselves as collectibles. I've seen collections of old South American mining town currencies (the highest denominations, in excellent condition), very colorful, all kinds of designs.
- refurb 5y agoPatient financial assistance has a safe harbor cutout for private insurance. It’s illegal for public insurance. Those coupon programs aren’t used for indigent patients since they reduce the co-pay/co-insurance the patient has. Some not so great insurance plans will pay 90% of drug costs. Great when the drug is $300 per month. Not great when it’s $3,000. So manufacturers will directly pay an additional portion to cap the patients part at say $50 per month.