Blogs: The Reinvented Pharmacist

Drug Costs Projected to Rise

Published Online: Thursday, April 17, 2014
A number of recent reports are projecting that prescription drug spending will increase in 2014. For example, a report published in the March 15, 2014, edition of the American Journal of Health-System Pharmacy projects a 3% to 5% increase in total drug expenditures across all settings in the United States, with an increase of 5% to 7% in the ambulatory setting.
 
This has obvious implications for budgeting, but it probably also means that there will be a resumed focus on controlling drug costs. This, in turn, would seem to offer an opportunity for pharmacists to get involved by helping to save money on medications where appropriate. I wonder whether such an effort will help or hurt our efforts to gain provider status. What do you think?
About
Fred Eckel, RPh, MS, Editor-in-Chief of Pharmacy Times
Blog Info
This blog focuses on what our Editor-in-Chief sees as the future of pharmacy.
Author Bio
Fred Eckel, RPh, MS, is the Editor-in-Chief of Pharmacy Times, a position he has held since 2002. Mr. Eckel is a professor at the Eshelman School of Pharmacy, University of North Carolina at Chapel Hill. He serves as executive director of the North Carolina Association of Pharmacists.

In this blog, Eckel will provide commentary on relevant issues impacting pharmacists and pharmacy professionals, including the merging of pharmacy benefit managers, the implications of health care reform, the conversion of major drugs from prescription to over-the-counter, trends in pharmacy careers, and opioid abuse. He will also discuss legislative issues that impact pharmacists, and comment on the evolving role of the pharmacist.
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