Why do drug firms give discounts voluntarily? Do other healthcare providers routinely give discounts to some customers?

Fantastic news! We've Found the answer you've been seeking!

Question:

Why do drug firms give discounts voluntarily?

Do other healthcare providers routinely give discounts to some customers?

Why do the uninsured typically pay the highest prices?

Why would a hospital usually get a better price for a drug than an insurance company?

Why does the VA get such low prices?

Suppose a law was enacted that required drug manufacturers to give state Medicaid agencies the same price they negotiated with the VA. How would Medicaid and VA prices change?

Should Medicare adopt the VA formulary?

Price Discrimination in Practice, referencing Lee, R. (2019).Economics for healthcare managers (4th ed.).

Related Book For answer-question

Economics For Healthcare Managers

ISBN: 9781640550483

4th Edition

Authors: Robert Lee

See More Books

Posted Date: Apr 30, 2024 04:12 AM

See More Questions

What do American Airlines, Home Depot, Staples, Stanford University, AT&T, the Mayo Clinic, and Safeway have in common? They all price discriminate (Howe 2017). They charge different customers...
Emergency Medicine plays a vital role in the health care continuum in the United States. Michael Porters' five forces model of industry analysis provides an insight into the economics of emergency...
KEEP EMPLOYEES HEALTHY Controlling Health Status and Healthcare Cost of Employees Force 6: Employee Health. With the dramatically increasing cost of healthcare and the fact that in the United States,...
ABC Company produces mode trains. During the month of July, it produced 4,000 trains. The actual labor hours were 8 hours per train. Its standard labor hours are 10 hours per train. The standard...
From the completed worksheet in Exercise 4-4, prepare: a. An income statement for December b. A statement of owners equity for December c. A balance sheet as of December 31, 2014
If you want a new job because you can't work with your current supervisor, how can you explain this situation to a prospective employer? Give an example.
What is the Wasson SE Process Model?
At December 31, 2016, Finzelberg Company had a credit balance of $15,000 in Allowance for Doubtful Accounts. During 2017, Finzelberg wrote off accounts totaling $11,000. One of those accounts...
Contracts and Intentional Torts No unread replies.No replies. Module objectives: 1. Display in your discussion answer an understanding of the elements of a contract.2. Understand the type of...
Discuss urban labor markets using a supply and demand framework (always state any assumptions) and include a list and discussion of each of the determining factors for each. Define and discuss the...
Suppose at the beginning of the year, a textbook sells for 60 in Paris, France, and $60 in New York City, and PPP holds. Over the year, there is an inflation rate of 10 percent in France and no...
Fill in the Blanks. A system undergoing simple harmonic motion is called $a(n)$ __________ oscillator.
How do the theories of absolute advantage and comparative advantage differ?
What is international trade? Why does it occur?
What is the triple bottom line? How should international businesses balance these three components? Is the balance point the same for all businesses?
You invest $1,000 at the beginning of the year. How much will be accumulated in five years if you earn 10% interest compounded annually? Round your answer to the nearest dollar
Make an argument that Williams had a right to delay the closing until after August 1.
S1 Ltd and S2 Ltd belong to the same capital gains group. In May 2020, S1 Ltd transferred a chargeable asset to S2 Ltd. The original cost of this asset to S1 Ltd was 10,000 and its market value in...
The ordinary share capital of W Ltd (which is a trading company) is owned 30% by X Ltd, 25% by Y Ltd and 45% by Z Ltd. All of these companies are UK resident and they prepare accounts to 31 March....
E Ltd has taxable total profits of 800,000 for the year to 31 March 2024 and receives no dividends. For many years, the company has owned 65% of the ordinary shares of F Ltd and 30% of the ordinary...

Why do drug firms give discounts voluntarily? Do other healthcare providers routinely give discounts to some customers?

Question:

Expert Answer:

Drug firms often offer discounts voluntarily for a variety of reasons Firstly it could be a strategic move to gain market share or maintain favorable relationships with healthcare providers Offering d... View the full answer

Economics For Healthcare Managers

Students also viewed these economics questions