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Pharmacy’s Call for Authorities to Aggressively Enforce Laws Addressing Price Gouging
Early reports of potential treatment for coronavirus disease (COVID-19) have raised concerns related to pharmaceutical distribution. Despite the lack of high-quality evidence, the mere hope of effectiveness of potential treatments, such as hydroxychloroquine, has led to surges in demand for these pr...
Autores principales: | , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
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Academy of Managed Care Pharmacy
2020
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Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10391148/ https://www.ncbi.nlm.nih.gov/pubmed/32329404 http://dx.doi.org/10.18553/jmcp.2020.20166 |
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author | Mattingly, T. Joseph Hogue, Michael D. |
author_facet | Mattingly, T. Joseph Hogue, Michael D. |
author_sort | Mattingly, T. Joseph |
collection | PubMed |
description | Early reports of potential treatment for coronavirus disease (COVID-19) have raised concerns related to pharmaceutical distribution. Despite the lack of high-quality evidence, the mere hope of effectiveness of potential treatments, such as hydroxychloroquine, has led to surges in demand for these products, and many pharmacists are already informally reporting shortages through social channels. As manufacturers and wholesale distributors struggle to fulfill orders for drugs such as hydroxychloroquine, short-term price increases may seem reasonable in a free market when demand increases. However, any price increases by manufacturers, wholesale distributors, and pharmacies might be seen as exploitive gouging of consumers during a declared emergency. In addition to concerns of price gouging, increases in prescription drug utilization during the pandemic may lead to increases in spending for all payers as members may be treated for COVID-19. This article explores pharmaceutical supply chain and drug pricing nuances that may cause problems for payers and pharmacies as the country battles this global pandemic. |
format | Online Article Text |
id | pubmed-10391148 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2020 |
publisher | Academy of Managed Care Pharmacy |
record_format | MEDLINE/PubMed |
spelling | pubmed-103911482023-08-02 Pharmacy’s Call for Authorities to Aggressively Enforce Laws Addressing Price Gouging Mattingly, T. Joseph Hogue, Michael D. J Manag Care Spec Pharm Viewpoints Early reports of potential treatment for coronavirus disease (COVID-19) have raised concerns related to pharmaceutical distribution. Despite the lack of high-quality evidence, the mere hope of effectiveness of potential treatments, such as hydroxychloroquine, has led to surges in demand for these products, and many pharmacists are already informally reporting shortages through social channels. As manufacturers and wholesale distributors struggle to fulfill orders for drugs such as hydroxychloroquine, short-term price increases may seem reasonable in a free market when demand increases. However, any price increases by manufacturers, wholesale distributors, and pharmacies might be seen as exploitive gouging of consumers during a declared emergency. In addition to concerns of price gouging, increases in prescription drug utilization during the pandemic may lead to increases in spending for all payers as members may be treated for COVID-19. This article explores pharmaceutical supply chain and drug pricing nuances that may cause problems for payers and pharmacies as the country battles this global pandemic. Academy of Managed Care Pharmacy 2020-08 /pmc/articles/PMC10391148/ /pubmed/32329404 http://dx.doi.org/10.18553/jmcp.2020.20166 Text en Copyright © 2020, Academy of Managed Care Pharmacy. All rights reserved. https://creativecommons.org/licenses/by/4.0/This article is licensed under a Creative Commons Attribution 4.0 International License, which permits unrestricted use and redistribution provided that the original author and source are credited. |
spellingShingle | Viewpoints Mattingly, T. Joseph Hogue, Michael D. Pharmacy’s Call for Authorities to Aggressively Enforce Laws Addressing Price Gouging |
title | Pharmacy’s Call for Authorities to Aggressively Enforce Laws Addressing Price Gouging |
title_full | Pharmacy’s Call for Authorities to Aggressively Enforce Laws Addressing Price Gouging |
title_fullStr | Pharmacy’s Call for Authorities to Aggressively Enforce Laws Addressing Price Gouging |
title_full_unstemmed | Pharmacy’s Call for Authorities to Aggressively Enforce Laws Addressing Price Gouging |
title_short | Pharmacy’s Call for Authorities to Aggressively Enforce Laws Addressing Price Gouging |
title_sort | pharmacy’s call for authorities to aggressively enforce laws addressing price gouging |
topic | Viewpoints |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10391148/ https://www.ncbi.nlm.nih.gov/pubmed/32329404 http://dx.doi.org/10.18553/jmcp.2020.20166 |
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