The Price Elasticity of Specialty Drug Use: Evidence from Cancer Patients in Medicare Part D
Abstract
Specialty drugs can bring substantial benefits to patients with debilitating conditions, such as cancer, but their costs are very high. Insurers/payers have increased patient cost-sharing for specialty drugs to manage specialty drug spending. We utilized Medicare Part D plan formulary data to create the initial price (cost-sharing in the initial coverage phase in Part D), and estimated the total demand (both on- and off-label uses) for specialty...
Paper Details
Title
The Price Elasticity of Specialty Drug Use: Evidence from Cancer Patients in Medicare Part D
Published Date
May 26, 2017
Volume
20
Issue
2
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