Health insurers recruiting former pharma reps to cut costs

June 19, 2017

(HealthDay)—Health insurers are recruiting former pharmaceutical company representatives to educate doctors and help save money on prescription medications, according to a report published June 8 in Kaiser Health News.

Noting that costs for have been rising faster than those for any other health segment, and others paying those costs are trying to address the increases.

Capital District Physicians' Health Plan (CDPHP), an Albany, N.Y., insurer, is hiring former pharma representatives and staffing a sales force to develop cost-effective medicine. They have been able to address rising costs of , such as Glumetza (metformin hydrochloride), manufactured by Valeant Pharmaceuticals, which reached a price of $81,270 per year. When CDPHP doctors were informed of the price, most of the 60 plan members who were taking Glumetza were switched to the generic alternative, saving $5 million in one year.

"Insurers are taking matters into their own hands," said Lea Prevel Katsanis, a marketing professor at Concordia University in Montreal, according to the article. "They're saying, 'We can't really rely on drug companies to talk to doctors about what's cost-efficient.'"

Explore further: Leading U.S. doctors' group takes aim at rising drug prices

More information: More Information

Related Stories

Leading U.S. doctors' group takes aim at rising drug prices

June 15, 2017
(HealthDay)—The American Medical Association is calling for more transparency in drug pricing amid skyrocketing costs that are putting some lifesaving medications out of reach for patients and communities.

Rising costs and potential savings for generic, topical steroids

April 29, 2017
Although topical steroids are among the most commonly prescribed medications by dermatologists, there are limited data on spending and use for this class of drugs. In a new study led by investigators at Brigham and Women's ...

Examining the rising costs of prescription drugs in the US, and possible alternatives

April 4, 2017
Prescription drugs are already unaffordable for many: The price tag last year in the United States was $425 billion, one out of every 10 health care dollars spent, and rising.

US health care spending up five percent in 2015

November 22, 2016
(HealthDay)—Privately insured Americans spent nearly 5 percent more on health care last year than in 2014, largely because of escalating prices, new research shows.

AMA urges doctors to talk about safe opioid storage, disposal

April 29, 2017
(HealthDay)—Physicians should take three essential steps to reduce the amount of unwanted, unused, and expired medications in an effort to avoid non-medical uses of the drugs, according to a new recommendation from the ...

Prices skyrocket on drugs widely used by seniors: report

December 14, 2016
(HealthDay)—The prices of brand-name drugs used by many older Americans rose nearly 130 times faster than inflation last year, a new study reports.

Recommended for you

Finding better ways to reduce serious drug side effects

August 14, 2017
Many of the medicines we depend on to treat disease—and even to save our lives—pose potentially serious risks along with their benefits. Data from the U.S. Centers for Disease Control and Prevention indicate that about ...

Ultrasound-triggered liposomes for on-demand, local anesthesia

August 10, 2017
Researchers at Boston Children's Hospital have found a new way to non-invasively relieve pain at local sites in the body; such systems could one day improve pain management by replacing addictive opioids and short-lasting ...

Independent pharmacies and online coupons help patients save money on drugs

August 8, 2017
Uninsured patients or those with limited prescription drug coverage can save significant money by buying their drugs at independent pharmacies instead of big box, grocery or chain drug stores and by using discount coupons, ...

New study generates more accurate estimates of state opioid and heroin fatalities

August 7, 2017
Although opioid and heroin deaths have been rising dramatically in the U.S., the magnitude of the epidemic varies from state to state, as does the relative proportion of opioid vs heroin poisonings. Further complicating the ...

Mind-body therapies immediately reduce unmanageable pain in hospital patients

July 25, 2017
Mindfulness training and hypnotic suggestion significantly reduced acute pain experienced by hospital patients, according to a new study published in the Journal of General Internal Medicine.

Study suggests ending opioid epidemic will take years

July 20, 2017
The question of how to stem the nation's opioid epidemic now has a major detailed response. A new study chaired by University of Virginia School of Law Professor Richard Bonnie provides extensive recommendations for curbing ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.