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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...

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Detalles Bibliográficos
Autores principales: Mattingly, T. Joseph, Hogue, Michael D.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Academy of Managed Care Pharmacy 2020
Materias:
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
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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.
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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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