Generic Drug Price Increases - Causes and Impact
The entire pharmacy industry is affected by generic drug price inflation, and for many those effects are negative. The reasons behind rising generic drug costs are multiple and complex. This white paper details some of the factors driving price increases for generic drugs, including:
- Consolidation among generic drug companies
- Shortage of raw materials
- Gaps in production schedules
- Supply and demand
- Regulatory issues
While there is no immediate or simple solution for managing rising generic drug prices, truly current and accurate drug price data ensures that pricing decisions are made with accurate information, reimbursements are fair and balanced, and pricing analysis and reporting is both strong and vigilant.
Elsevier is the industry leader for the most current, accurate and reliable drug product and pricing information. Elsevier’s drug pricing information includes data reported directly from pharmaceutical manufacturers and updated as it is received, including weekends and holidays.
Elsevier Clinical Solutions empowers healthcare providers and educates patients, driving the delivery of high quality, economically sound care through world-class clinical content integrated within clinical workflow and EHR systems.