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The impact of reference pricing and extension of generic substitution on the daily cost of antipsychotic medication in Finland

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  • Hanna Koskinen
  • Elina Ahola
  • Leena Saastamoinen
  • Hennamari Mikkola
  • Jaana Martikainen

Abstract

Reference pricing and the extension of generic substitution produced substantial savings on antipsychotic medication costs during the first year after its launch, but the intensity of the impact differed between active substances. Furthermore, our results suggest that the additional cost savings from reference pricing after prior implemented generic substitution, are comparatively low. Copyright Koskinen et al. 2014

Suggested Citation

  • Hanna Koskinen & Elina Ahola & Leena Saastamoinen & Hennamari Mikkola & Jaana Martikainen, 2014. "The impact of reference pricing and extension of generic substitution on the daily cost of antipsychotic medication in Finland," Health Economics Review, Springer, vol. 4(1), pages 1-10, December.
    • Handle: RePEc:spr:hecrev:v:4:y:2014:i:1:p:1-10:10.1186/s13561-014-0009-3
    DOI: 10.1186/s13561-014-0009-3
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    Cited by:

    1. Yao Xiong & Judy Xu & Yuexia Gao, 2021. "Does price deregulation increase drug price in China? An interrupted time series analysis," International Journal of Health Planning and Management, Wiley Blackwell, vol. 36(5), pages 1653-1665, September.
    2. Sabine Vogler, 2019. "Fair prices for medicines? Exploring competent authorities’ and public payers’ preferences on pharmaceutical policies," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 46(3), pages 443-469, August.
    3. Geng, Difei & Saggi, Kamal, 2020. "Optimal price regulations in international pharmaceutical markets with generic competition," Journal of Health Economics, Elsevier, vol. 71(C).
    4. Sabine Vogler & Guillaume Dedet & Hanne Bak Pedersen, 2019. "Financial Burden of Prescribed Medicines Included in Outpatient Benefits Package Schemes: Comparative Analysis of Co-Payments for Reimbursable Medicines in European Countries," Applied Health Economics and Health Policy, Springer, vol. 17(6), pages 803-816, December.

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