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Pricing pharmaceuticals: value based pricing in what sense?

McGuire, Alistair, Raikou, Maria and Kanavos, Panos (2008) Pricing pharmaceuticals: value based pricing in what sense? Eurohealth, 14 (2). pp. 3-6. ISSN 1356-1030

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Abstract

Reimbursement of pharmaceuticals ought to provide both incentives for and reward innovation, as well as set a price which reflects the market value of the product. In other words reimbursement must reward both dynamic and static efficiency in the pharmaceutical sector. Within the UK a debate has emerged concerning whether the Pharmaceutical Pricing and Reimbursement Scheme, a profits based regulatory scheme, should be replaced with a value based pricing scheme. This article defines these competing reimbursement schemes and outlines their relative costs and benefits.

Item Type: Article
Official URL: http://www2.lse.ac.uk/LSEHealthAndSocialCare/publi...
Additional Information: © 2008 LSE Health
Library of Congress subject classification: R Medicine > RA Public aspects of medicine
Sets: Departments > European Institute
Departments > Social Policy
Research centres and groups > LSE Health
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 15 Feb 2011 15:37
URL: http://eprints.lse.ac.uk/32585/

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