It's Time More States Try the 'eBay' Approach to Managing Drug Costs

It's Time More States Try the 'eBay' Approach to Managing Drug Costs

 

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Featured in Morning Consult 

"The debate over skyrocketing health care spending in America won’t end anytime soon — nor should it.

Within the next decade, health care will be nearly 20 percent of the U.S. gross domestic product. Across our health care system, it’s clear that we’re on an unsustainable fiscal track that warrants practical and achievable solutions.

While innovation in technology is changing the way we live, travel, shop and communicate, somehow it hasn’t succeeded in helping manage spending on prescription drugs — until now. To see the potential, one need only look at how New Jersey deployed innovative, 21st-century technology to save taxpayers $1.6 billion dollars (that is,18 percent of the state employees’ drug spend) over the course of three years. With clear focus and a little bit of willingness to update archaic state procurement practices, other states can realize savings of similar magnitude."

Read the full article here.

Topics: News

Posted by

Truveris Team