Expert Committee Says Pharmaceutical Supply Chain Requires Overhaul
26 Jul, 2021
- Individuals should have access to the right drug, in the right place, at the right time, and at an affordable price, as well as access to information on therapeutic alternatives, price and true out-of-pocket costs;
- Financial incentives must be realigned across the pharmaceutical supply chain to prioritize consideration of lowest-cost options to the system when clinical outcomes are similar, reduce artificial price inflation and eliminate conflicts of interest;
- Benchmarks for drug prices should be established by a transparent and independent third party, informed by a cost-effectiveness analysis and validated by real-world data evaluations; and
- Policymakers should promote policies that increase competition within the pharmaceutical market, enable market-driven reform, eliminate waste and mitigate overall cost.