Study says wiser medication use could cut health costs

If doctors and patients used prescription drugs more wisely, they could save the U.S. health care system at least $213 billion a year, a study concludes.

The savings would come by reducing medication overuse, underuse and other flaws in care that cause complications and longer, more expensive treatments, researchers conclude.

The new findings by the IMS Institute for Healthcare Informatics improve on numerous prior efforts to quantify the dollars wasted on health care.

Numerous experts previously have estimated that tens of billions, perhaps hundreds of billions of dollars, could be better used each year to improve patient care and outcomes and to slow down spending by government health programs, insurers and consumers.


Explore further

Billions can be saved with pharmacy benefit management

© 2013 The Associated Press. All rights reserved.

Citation: Study says wiser medication use could cut health costs (2013, June 19) retrieved 19 January 2020 from https://medicalxpress.com/news/2013-06-wiser-medication-health.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
 shares

Feedback to editors

User comments