Case Study Chemplus

Living with diabetes poses many challenges for patients in areas like nutrition, glycemic monitoring and medication adherence. In fact, patients with diabetes

Another topic that is underlined throughout the book was Andie’s non-adherence to her insulin shot and other medications. Throughout the book, Andie has demonstrated many incidences of non-adherence. Andie does not use her needles properly and has intentionally miss insulin shots to lose weight. The reason behind her behavior can be explained by the “Health Belief Model” in the Adherence and Behavior section of PHRM 826 Patient Centered Care. For patients to take action, they need to have high perceived threat from not taking the action. Threat is influenced by severity of non-adherence and susceptibility of those severities. For Andie, she definitely has high perceived severity from knowledge of possible complications of diabetes from

Once the limit for Part D Medicare benefits has been reached, patients are now responsible for the full cost of the drugs. Needless to say, for most people who have Medicare Part D, the donut hole presents unfortunate financial challenges. Inclusively, the additional funding for these provisions also raise prices at a rate higher than inflation. “Such a price-hike penalty already applies to brand medicines, and proposals to extend it to generics are under review by the Health and Human Services (HHS) Inspector General” (Wechsler, 2015, para 2). This change will discourage pharmaceutical companies from entering into specific drug classes, and provide fewer choices that will increase the patient’s reliance on older, originator products and drive up costs (Wechsler, 2015, para

Drugs that are not listed may not be covered. If possible, sticking with drugs that are pre-approved and listed will help you save money on health care.

He is relieved to have access to the Medicare drug addition program. Although he feels strongly that the large pharmaceutical conglomerates of the world need to decrease the price of drugs. As a pharmaceutical company employee I informed him of the many programs available to help with the pharmaceutical cost of drugs. I do agree, the pharmaceutical companies need to continue working with those individuals in government, insurance companies and health care to provide access to affordable and novel compounds to all who need them. There are pharmacy and retailer prescription drug discount programs available. Discount drug cards are offered through chain pharmacies for a small monthly premium and provide discounts on a number of services, including prescription drugs. Individuals with a Part D plan may use a discount card, but the two drug programs operate independently of one another. Drug card discounts cannot be applied to Part

Additionally, “Adrenaclick, a significantly cheaper alternative… is rarely recommended by major medical societies, as its two caps that must be removed (contrasted to EpiPen’s one) are viewed as inconvenient” (Emanuel 2). When competitors are unable to produce goods or services of equivalent quality, Mylans product becomes unique instead of homogenous. Furthermore, when a firm becomes the only producer of a good or service in an industry, this is referred to as a monopoly. “A monopoly is a firm with market power”, and “market power is the power to raise price above marginal cost without fear that other firms will enter the market”, (Cowen 236). This lack of competition allows Mylan to reap monopoly profits in the short and long run. Graph ‘A’ displays what happens when Mylan has no competition in the epinephrine industry. To maximize profit, Mylan would “produce until marginal revenue equals marginal cost”, (Cowen 236). This point occurs at the blue circle. Moving down from this point, one reaches the profit maximizing quantity at the x-axis intersection. This point is around 4,333,000. The quantity of EpiPens sold by Mylan per year was obtained by dividing the revenue stated in, “Mylan

Furthermore, with the pharma logical treatments included in this article for the treatment of Type 2 Diabetes, many individuals will be prevented from developing CVD complications. Studies have shown the importance of patients being compliant with treatment leading to positive health outcomes. With the continued care given to these patients with Type 2 Diabetes many are able to have healthier lifestyles

The Commonwealth Fund, New York. (2006). US Medicare Prescription Drug Coverage. Retrieved from US Me

“At any time in the last 2 years have you ended up taking less medication that was prescribed for you because of the cost?” Does this sound familiar to you? Independent variables include prescription drug coverage, demographic characteristics, several measures of health status, and monthly out-of-pocket spending on prescription drugs.

Between 2001 and 2011, the average patient’s out-of-pocket (OOP) cost for brand-name prescriptions rose by more than 80% (Tungol, et al., 2012, p. 691). The increasing OOP costs have contributed to a decrease

Drug coverage is also a significant cost to both Medicaid and Medicare. This recommendation reduces costs specifically in Medicaid and Medicate Part D (Federal Deficit fit with Health Care, 2017. The prescription drug benefit, known as Part D, subsidizes drug cost and has had an estimated 13% increase in premiums since 2016. These rising costs must be mitigated and requiring drug manufacturers to pay the same rebate currently paid to Medicaid and Medicare is the first step. Rebates are paid quarterly to the states and shared with the federal government to offset the overall cost. Implementing this recommendation is estimated to reduce federal government costs by $220

Financial wellness is very important to maintain, not only throughout pharmacy school, but also throughout life. Keeping a record of my financial expenditures and tracking finances can help to ensure healthy spending practices and a balanced budget. This assignment has shown me that my expenditures can be managed much better in the future, and this can be accomplished by maintaining records of my weekly spending. Setting a weekly budget and sticking to it, while sometimes difficult, is important in financial stability.

When a student graduates with a general bachelor’s degree in the United States of America, the average starting annual salary is $50,556. Of this $50,556, 11 percent of the gross pay is taken out for federal taxes, 4 percent is taken out for state income taxes, 6.2 percent is taken out for social security, and 1.45 percent is taken out for Medicare costs. Using the average college graduate’s starting salary, these deductions add up to $11,451.38, leaving an estimated annual net income of $39,104.62. This net income is then used for savings, investments, mortgages, loans, and other daily living expenses crucial to maintaining a certain standard of living in

2. “Among adults with diagnosed diabetes (type 1 or type 2), 12% take insulin only, 14% take both insulin and oral medication, 58% take oral

Diabetes is associated with wide range of complications such as chronic renal failure, blindness, amputations, heart disease, high blood pressure, stroke, and neuropathy (Alotabi, A., et al., 2016). There is no known cure for diabetes, but the disease can be controlled through health management that includes multiple perspectives of care such as medications, blood glucose monitoring, diet, nutrition, screening for long-term complications and regular physical activity (Alotabi, A., et al., 2016). Managing diabetes may be complicated and requires the knowledge and skills of both healthcare providers and the clients. Studies have shown that to prevent or delay diabetic complications due to diabetes, counseling and other lifestyle interventions are the effective therapy. Even with many policies set up for diabetes, 8.1 million Americans are undiagnosed with diabetes mellitus, and approximately 86 million Americans ages 20 and older have blood glucose levels that considerably increase their risk of developing Diabetes Mellitus in the next several years (CDC, 2015). For diabetes care to be successful there needs to be a good understanding of the disease and management by both patients and healthcare providers,