1 / 28

The cost of drugs is important to consumers…

The cost of drugs is important to consumers…. According to a 2003 report* 11.7% of the population in Michigan (1,162,797 citizens) are uninsured: almost all of them are under the age of 65; one in five are children.

aggie
Download Presentation

The cost of drugs is important to consumers…

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The cost of drugs is important to consumers… • According to a 2003 report* 11.7% of the population in Michigan (1,162,797 citizens) are uninsured: • almost all of them are under the age of 65; • one in five are children. • Even Seniors who are Medicare D eligible and who have enrolled in Medicare D are sensitive to drug prices. * Report commissioned by Governor Granholm

  2. MEDICARE PART D “DONUT HOLE” 100% 25% 100% 5% 1: You pay 100% of the first $250 prescription drug costs; 2: You pay 25% of the next $2,000 prescription drug costs; 3: You pay 100% of the next $2,850 prescription drug costs; 4: You pay 5% of anything over $5,100 for the rest of the year. $250 + $500 + $2,850 = $3,600 that you pay before receiving catastrophic coverage. 1 2 3 4 $0 $250 $2,250 $5,100

  3. AG: LOCAL Usual & Customary (retail) price of 150 most commonly prescribed drugs CUSTOMIZED SEARCH by consumer and sorted by pharmacy or zip code DOSAGE & QUANTITY specific per drug DCH: Statewide Usual & Customary (retail) price of 25 most commonly prescribed drugs No search No quantity Includes drugs available over the counter AG WEBSITE (HB 4559) vs. DCH WEBSITE

  4. What are other states doing?

  5. DRUGS SURVEYED

  6. Pharmacies Surveyed • Randomly selected approximately 20 pharmacies in the following communities: • Ann Arbor • Dearborn • Farmington Hills • Flint • Jackson • Kalamazoo 7.Marquette/Escanaba/ Iron Mountain 8. Midland/Bay City 9.Muskegon 10.Warren

  7. Consumers’ Right to Know • Consumers have a right to know the price of prescription drugs when they ask in person or by phone (MCL 333.17757). • Pharmacies must conspicuously display written notice at each drug counter the consumers’ right to ask for drug prices. • Report violations to the Bureau of Health Professions at the Michigan Department of Community Health by calling (517) 373-4972.

  8. Survey ResultsExtreme Price Differences in Ann Arbor

  9. Survey ResultsExtreme Price Differences in Dearborn

  10. Survey ResultsExtreme Price Differences in Farmington Hills

  11. Survey ResultsExtreme Price Differences in Flint

  12. Survey ResultsExtreme Price Differences in Jackson

  13. Survey ResultsExtreme Price Differences in Kalamazoo

  14. Survey ResultsExtreme Price Differences in Marquette/Escanaba/Iron Mountain

  15. Survey ResultsExtreme Price Differences in Midland/Bay City

  16. Survey ResultsExtreme Price Differences in Muskegon

  17. Survey ResultsExtreme Price Differences in Warren

  18. A local Prescription Drug Finder Web site is important and here’s a good example why:

  19. What is your Attorney General doing as a result of the Drug Survey? • Notifying all 4 pharmacies of their potentially illegal conduct in refusing to provide price information over the phone; • Alerting the Bureau of Health Professions to pharmacies that refused to provide prices; • Price gouging investigations of 28 pharmacies; • Making all survey information available at: www.michigan.gov/ag.

  20. Recommendations Governor and Department of Community Health should take drug price information that they already have and make it available on a drug price Web site, including: • All communities (searchable by city and zip code); • All drugs; • Monthly updates.

More Related