States and the Rising Cost of Pharmaceuticals: A Call to Action
As part of the 29th Annual State Health Policy Conference, held 17-19 in Pittsburgh, PA, NASHP released findings from our Pharmacy Costs Work Group aimed at addressing the increasingly rising costs of pharmaceuticals.
The solutions offered in the newly released findings serve as a toolbox for states. While they recognize the value of the pharmaceutical industry, state policymakers have for some time been engaged in considerable work to maintain the affordability of prescriptions. Despite these efforts drug pricing and the unpredictability of increases continues to vex state budgets. Annually states spend more that $20 billion on prescription drug coverage for public employees, incarcerated individuals, higher education, and Medicaid.