State Medicaid officials battle drug firms in war to cut costs.
As state Medicaid agencies struggle to cut costs for prescription drugs, their main tool has been the use of drug formularies--a state-approved list of thousands of drugs that the agencies will reimburse for the treatment of Medicaid patients. Now, states are trying to use a second method that could reap big savings: requiring drug companies to bid to be included in the formulary. However, both cost-containment strategies have attracted the pharmaceutical industry's attention--and their lobbyists.
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D003164:Competitive Bidding; D003625:Data Collection; D004345:Drug Industry / Q000191:economics; D005569:Formularies as Topic; D008484:Medicaid / Q000458:organization & administration*; D014481:United States